Near Term Trend: Bullish but ST pullback
Friday close: 0.7894 (+ .0019)
UPDATE: Last week, I suggested buying AUDUSD at 0.78742 with an upside target of 0.81503 and with stops on a close below 0.78000.
The AUDUSD pulled back this week as geopolitical tensions ruled the day. Its trading right at first support. A hold here should lead to a move to 0.8100. A break will lead to a test of 0.7783.
Buy here, honor stops below 0.7800. If break occurs, buy at 0.7783 and look for a move up to 0.8100.