Note: USDX: Bullish–We have convergence in play on MACD on the 4 hour and convergence on the hourly. We are waiting to see if we get a 5th wave Up! We are in a trend to the upside and anticipate the continuation to the range top. If it breaks through look to continue to the 1.270 Fibo @ 94.501. 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 slightly higher than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.1721 in a channel and at the top of a range. We are looking for the continuation to the Bottom 1.1650-1677. We have Divergence on the 240 min MACD. Watch the USDX for reversal and direction. The ATR for the pair currently is EXTREMELY LOW at 48 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish to bearish: We are currently @ 110.75 in a range. We still show convergence on the 240/360 min chart. Target up is 111.24. The down target is 109.17 and if we get the reversal look to the 0.500 Fibo @ 109.78. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 54 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.3672 in a channel and in a range (near the bottom). We have convergence on the MACD for the continuation of a 5th wave down. A continuation down here would most likely target the range support @ 1.3550 area and look to reverse there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 82 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.7262 in a channel in a range. We are looking for the 5th wave continuation to the S5/range bottom @ 0.7100 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 60 pips. Chart Graphics - click to open hit ESC to come back