At the time of writing, it is currently in the channel at 1.1051. We are looking for an initial move to the 1.1151 area at the top of the daily chart, followed by the ATR target of 1.1161.
Note any changes in orientation. The pair’s ATR is currently 126 pips per day and its 180-day average is 101 pips per day.
At the time of this article, USDX is currently attempting to fall.
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