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Note: ISM Services PMI is this AM
Bearish: EUR/AUD is currently at 1.6201 in a flag pattern (bearish) in the channel. If we can break the flag, we are looking for a continuation to the 2.270 Fibo at 1.6144 with the overall target ATR target at 1.6093.
Watch the USDX for direction. The average daily true range (ATR) for the pair is 113 pips per day, and it’s 180-day average is 146 pips per day. USDX is currently moving up.
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The main currency pair starts the week and the month by consolidating around the 1.0569 mark.The US Federal Reserve's intention to potentially raise interest rates once again in...
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