GBP/AUD Bearish: Currently, we are at 1.8588 in a range. IF we can break down here, we are looking for a continuation initially to the ATR target at 1.8462 and then to the 0.618 Fibonnaci at 1.8408. The average daily true range (ATR) for the pair currently is 141 pips but its 180-day ATR is 183 pips a day.