Note: USDX: Waiting –We have quadruple top in play. We have divergence in play on MACD. We are still bullish but might be topping out. 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 except the GBPUSD which has jumped 20 pips a day. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish to Bullish: We are currently @ 1.1770 in a descending wedge (bearish)and divergence which is bullish. A couple of different scenarios: 1: Bullish: a bounce here look for a move back to the 0.500 Fibo @ 1.2010. 2: Bearish: A continuation here would most likely take out the Day chart support @ 1.1691 and then a bounce. Watch the USDX for reversal and direction. The ATR for the pair currently is 60 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish: We are currently @ 110.56 in a range in a range. A continuation here would most likely move back to the range top @ 111.65. A further target on a breakout would be the 1.270 Fibo @ 112.51. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 58 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.3747 and watching for a breakout. We are looking for a move to the range bottom @ 1.3573. Look for a reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 100 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.7364 in a channel with convergence in play on the 1 hour. WE are looking for a continuation to the S6 target @ 1.7170 Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 68 pips. Chart Graphics - click to open hit ESC to come back