Note: USDX: Waiting–We have divergence in play on MACD on the 4 hour but convergence on the hourly. We are waiting to see if we get a 5th wave DOWN! If so, we are looking for a continuation down to the support around 92.000 and then up again. The alternative analysis is a channel started to the upside. We 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 lower than last week. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.1821 in a channel and a range after a topping out at the range top. We are looking for the continuation to the Square up @ 1.1708. We have convergence on the 60 min MACD. Watch the USDX for reversal and direction. The ATR for the pair currently is EXTREMELY LOW at 44 pips.¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Sideways: We are currently @ 109.91 in a range inside a range. Target up is 110.36 and down 109.52. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 43 pips. ………………………………………………..$GBPUSDWhat ProAct Traders See: Bearish: We are currently @ 1.3837 in a range. We have convergence on the MACD for the continuation of the down move. A continuation down here would most likely target the support @ 1.3600 area and then back to the range top. Watch the USDX for direction. The average daily true range (ATR) for the pair is 71 pips.…………………………………………………$AUDUSD What ProAct Traders See: Bearish: We are currently sitting @ 0.7364 in a channel in a range. We are looking for the continuation to the S4/0.382 Fibo @ 0.7247 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