EUR/AUD Could Head Lower

Bearish:  We are currently @ 1.6504 in a channel  in a range.  We are looking to continue the channel to the ATR target @ 1.6428. There is  a further S5 target @ 1.6366  area.   Watch the USDX for direction. The average daily true range (ATR) for the pair is  99 pips per day and it’s 90 day average is 110 pips per day. USDX is hinting down.EURAUD – take a ride down

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