Note: USDX: Waiting: We are in a range and MACD has convergence for a MOVE up. We have broken out of the channel to the downside, but this could still be a wedge. 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 overall are the same as last week (GBPUSD is much lower) and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!$EURUSDWhat ProAct Traders See: Bearish: We are currently @ 1.1717 in the channel. We have the start of convergence for the downside move on MACD. A continuation here would most likely take out the 0.500 Fibo support @ 1.1542 and then a bounce. Watch the USDX for direction. The ATR for the pair currently is 77 pips. ¬¬¬…………………………………………………$USDJPY What ProAct Traders See: Bullish: We are currently @ 105.31 in a range and a channel. We are looking for a continuation to the range top @ 107.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 53 pips. ……………………………………………….. $GBPUSDWhat ProAct Traders See: Waiting: We are currently @ 1.2935 in a range. A couple of different scenarios: 1: Bullish: a continuation here look for a move back to the range top @ 1.3500. 2: Bearish: A break down here means the current move is a bear flag and might take out the 1.2500 before bouncing. Watch the USDX for direction. The average daily true range (ATR) for the pair is 127 pips.…………………………………………………$AUDUSD What ProAct Traders See: Waiting: We are currently sitting @ 0.7029 in a range. A couple of different scenarios: 1: Bullish: a continuation here look for a move back to the range top @ 0.7400. 2: Bearish: A break down here means the current move is a bear flag and might take out the 0.7006 before bouncing. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 72 pips. Chart Graphics - click to open hit ESC to come back