Near Term Trend: Neutral / Bearish
As of 6/22/18 close: 0.74400
Last week, I suggested shorting AUDUSD near 0.75014 with stops above 0.755 and with a target of 0.74117.
AUDUSD also bounced a bit late last week but with less energy than the EURUSD cross. Like EURUSD, it appears like the Aussie Dollar can rally for a spell before commencing another sharp decline.
I would try longs near 0.7369 with stops below 0.7340 and with an upside target of 0.7659. I would then look to short up there with stops on a close above 0.7700 and with a target of 0.7200.