Near Term Trend: Bullish / Neutral
Monday at 2:43am: 0.79546 (- .00114)
UPDATE: Last week, I suggested buying dips in AUDUSD to near 0.78659. I gave an upside target for selling longs at 0.79711 and a target for starting shorts at 0.80070.
The AUDUSD is holding up, but is still consolidating. I believe lower prices are in store prior to another push higher commences.
I would buy dips in AUDUSD near 0.77802 with a target of 0.80000. I would only be considering shorts at 0.80070 with a target of 0.77802.