Forex Strategy is Bearish: We are currently @ 153.87 in a channel. If US Dollar Index Futures continues down, we are looking for a continuation to the ATR target @ 153.23 area and then to the S5 @ 153.00. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 164 pips and it’s 90-day average is 181 pips per day.