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AUSSIE $ / US $ CROSS – Weekly

Currently: Cash Looking to: Buy @ 0.74792

As of 3/21/21 @ 9:08pm EST: 0.77161

LAST WEEK: We suggested buying at 0.74792 with stops on a close below 0.74500 with a selling target at 0.80516. Shorts were suggested at 0.81113 with stops on a close above 0.81250 and with the idea of holding for a while.

UPDATE: AUDUSD faded into the weekend on Friday and looks to us like it still needs to work its way down to 0.74792 before any real stabilization occurs in the short-term.

No changes to our trade recommendations from last week.