USDX: Bearish: We are in a very sideways move. We have convergence in play for the down move. We are looking to continue to the support @ 106.551. Watch for the bounce there. The 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 are lower than last week. BE SMART - TRADE WITH STOPS!!!!

EURUSD

What ProAct Traders See: Bullish: We are currently @ 1.0594 in a channel in a range. We are looking to continue to the R4 @ 1.0686 and then the 1.270 Fibo @ 1.0737. We have convergence for the up move. Watch the USDX for reversal and direction. The ATR for the pair currently is 75 pips.

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USDJPY

What ProAct Traders See: Bearish: We are currently @ 149.86 in a rising wedge near the top. We are looking for a breakdown to the 0.618 Fibo @ 147.96. We have divergence started for the down move. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 87 pips.

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GBPUSD

What ProAct Traders See: Bullish: We are currently @ 1.2165 in a falling wedge and a range. A break of the resistance here, targets the R3 @ 1.2415 and possibly the range top @ 1.2600. Watch for the reaction there. Watch the USDX for direction. The average daily true range (ATR) for the pair is 101 pips.

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AUDUSD

What ProAct Traders See: Bearish: We are currently @ 0.6315 in a very tight range. We are looking to continue to the R2 @ 0.6375 and maybe the resistance @ 0.6390 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 67 pips.

CAUTION IS URGED - TRADE WITH STOPS!!!!!