EUR/AUD is currently at 1.4931. We have convergence to the upside. We are looking for a continuation towards the ATR target at the 1.5004 area and then the R4 at the 1.5042 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 157 pips per day, and its 180-day average is 160 pips per day. DXY is currently up at the time of this post.