Currently: Cash Looking to: Short @ 0.6981
As of 5/24/19 close: 0.6924
LAST WEEK: We suggested selling / shorting at 0.6981 with stops on a close above 0.7070 and with a target of 0.6305.
UPDATE: The AUDUSD cross is rallying a bit after a miserable sell-off over the last 40 days or so. We are staying with the general rule of shorting rallies in AUDUSD for the time being. The first level at which that should be done is 0.6981 with stops honored on a close above 0.7070 and with a downside target of 0.6305.