Note: USDX: Bullish to bearish –We have a bounce out of the falling wedge and then a flag pattern- both are bullish in the short term. We have convergence also in play on MACD. We are still bullish but might only be a corrective move to the Resistance @ 92.943. Will have to see what happens as the market opens. The USD pairs should prove it out when the market opens. All of this could change in a heartbeat and will affect the currencies below. ATR’s are about the same as last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Ranging: We are currently @ 1.1874 in a range inside a range. We are looking to finish the move to the top of the small range and then depending on the USDX a breakout up or a continuation back down. Watch the USDX for reversal and direction. The ATR for the pair currently is 59 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bearish: We are currently @ 109.67 in a channel in a range. A continuation here would most likely move back to the range bottom @ 108.50. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 58 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.3908 after the channel breakout. We are looking for a continuation here but cautious since this may only be a 4th wave to ultimately get to the top. Watch the USDX for direction. The average daily true range (ATR) for the pair is 98 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.7348 in a trend after a corrective 4th wave with convergence in play on the 1 hour. We are looking for a continuation to the Day chart bottom for the 5th wave @ 0.7000. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 61 pips. Chart Graphics - click to open hit ESC to come back