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AUDJPY Channel Continuation

Bullish:  USDX is currently going down at the time of this post.  We are currently @ 84.09. We have the convergence in play. We are looking for an initial move to the ATR Target @ 84.91-85.00 area with a continuation to 85.48.  Watch the USDX for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 79 pips per day.

 

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