Note: USDX: Waiting: We have a range breakout and a reversal at the day chart bottom. The 60 minute MACD is showing signs of reversal but it could also be a bear flag for the down move (see inset on chart). 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 much the same as last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.1106 in a Range and a rising wedge in place which is bearish but still showing room inside the wedge. We have divergence almost in place for the next move for the down move on the 60 min chart (see inset). We are looking to move down to the 0.786 Fibo @1.0848 and look for the reaction there. Watch the USDX for direction. The ATR for the pair currently is 80 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish: We are currently @ 107.82 in a range We also have a bullish flag and convergence on the 60-minute chart (see inset). We are looking for a continuation to the range top @ 109.40. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 57 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.2347. We do have divergence for the down move (60 min see inset). We also have a rising wedge that is bearish but still room up before the break. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the top @ 1.2420 area. And then the break of the RW. 2: Bearish: A breakdown here would most likely target the S5 @ 1.1900. Watch the USDX for direction. The average daily true range (ATR) for the pair is 113 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.6684 in a range and with a rising wedge which is bearish. We have divergence on the 60-minute chart (see inset). We are looking to break down to the 0.382 Fibo @0.6417 and maybe (depends on USDX) to the range bottom @ 0.6300. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 85 pips. Chart Graphics - click to open hit ESC to come back