Near Term Trend: Bullish but ST pullback
Friday close: 0.79317 (+ .00054)
UPDATE: Last week, I suggested buying AUDUSD at 0.7894 with stops below 0.7800 and with a target of 0.8100.
The AUDUSD finished higher on the week after initially trading lower. It never broke below 0.7800. Right now, look to me like it rallies to 0.79688 and then drops once more before running towards 0.8100.
Sell longs and get short at 0.79688, cover and go long at 0.77392 and look to hold until 0.81000. Stop below 0.77111.