EUR/AUD channel up

Scott Barkley ProAct Traders

Bullish: Currently we are @ 1.6032 and in a channel in the range. IF we can break resistance here, we are looking for the continuation to range top @ 1.6111. The overall target is 1.6206 area. The average daily true range (ATR) for the pair currently is 108 pips

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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