What I see in the ForexNote: USDX is still bearish and still trying to extend the 3 wave. We are looking for the continuation to the 93.79 area and if we bounce hard here could put a 4th wave up. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.$EURUSDWhat ProAct Traders See: Bearish: We are currently sitting @ 1.1629 in a range but we could be trying to establish a trend. A couple of different scenarios: 1: Bullish: a bounce here look for 3rd wave continuation to the R5 @ 1.1900. 2: Bearish: A move below 1.1700 would most likely reestablish the range so look for the support@ 1.1518. Watch the USDX for direction. The ATR for the the pair currently is 82 pips.…………………………………………………$USDJPYProAct Traders See: Bullish: We are currently sitting @ 112.03 in a range. The pair has gone exactly opposite of the USDX so being a contrarian right now. We are looking for a continuation to the range top@ 113.21. Here we could pullback or continue to the 114.00 area. The average daily true range (ATR) for the pair currently is 52 pips.………………………………………………..$GBPUSDWhat ProAct Traders See: Bullish: We are currently sitting @ 1.3081 in a 4th wave. We are looking for a continuation of a 5th wave to the R5 @ 1.3400. A break below 1.3000 reestablishes a range and the target is 1.2800. The average daily true range (ATR) for the pair is 111 pips.…………………………………………………$AUDUSD – A great smooth currency for Newbie’s!What ProAct Traders See: We’ll see: We are currently sitting @ 0.7336 in a range. We are looking for a continuation here that would target the range top @ 0.7450 area. The average daily true range (ATR) for the pair currently is 67 pips.……………………………………………….