AUD/NZD – topping out

Note: Core CPI was negative

Bearish:  We are currently @ 1.1024 in the very top of the range.  IF we can break the slope support here, we are looking for a continuation to the S2 @ 1.0961 with the overall target the ATR target @ 1.0944.  Watch the USDX for direction. The average daily true range (ATR) for the pair is 79 pips per day and it’s 180 day average is 78 pips per day. USDX is currently moving down.