AUD/USD correction opportunity

Note: CPI and PPI this week

Bearish to Bearish: We are currently @ 0.6940 in a range and a corrective channel.  We are looking for continuation to the flag target (abc) @ 0.7045 area and then the selloff. We have convergence in play for the up move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 85 pips and it’s 180 day average is 93 pips per day. USDX is currently threatening down.