GBP/AUD Waiting: Currently we are at 1.9423 at the bottom of a channel in a range. Two scenarios: Bullish: a bounce and a move to the ATR target at 1.9624 area 2: Bearish: A break down here to the 1.9217 support area. The average daily true range (ATR) for the pair currently is 183pips. WATCH THE USDX for more clues.