Author of this content has low reputation.
BEARISH
AUD/USD is currently at 0.7794 in a wedge in a channel.
We have convergence in play for the down move and USDX is trying to rise.
If we can break the support here, we are are looking for a move to the ATR Target at 0.7694 area which is also a significant support.
AUD/USD wedge opportunity
Watch the USDX for any change in direction. The ATR for the pair currently is 83 pips per day.