GBP/AUD –trying a 3rd wave

Bearish: We are currently @ 1.8457 in a range and a channel.  IF we can break this support, we are looking for a continuation to the ATR target @ 1.8310 with a further target the 1.000 Fibo @ 1.8270. Watch the USDX for direction. The average daily true range (ATR) for the pair is 158 pips per day and it’s 180 day average is 153 pips per day. USDX is currently moving down.