Currently: Cash Looking to: Short @ 0.7405
As of 1/11/19 close: 0.7214
UPDATE: Last week, I suggested shorting at either 0.73, 0.742 or 0.76. Stops were to be honored on closed above each of those respective levels. The target was 0.64.
AUDUSD continued to rally after its recent spike low. Right now, meaningful resistance appears to come into play at 0.7405, 0.7524 and 0.7657. I believe theres more downside coming once a top is made at one of these resistance levels.
I would short at 0.7524 with stops on a close above 0.7657 and with a downside target of 0.6344.