Currently: Cash Looking to: Short @ 0.6938
As of 6/17/19 as of 1:47am EST: 0.6874
LAST WEEK: We suggested buying dips in AUDUSD at 0.6925 with stops below 0.6915 and with a target of 0.7296.
UPDATE: The AUDUSD cross broke down technically late last week and now appears to be destined for new lows at some point soon. First, though, we may see a bounce up to 0.6938 0.6963. Once a top is made there, we should see a move down to either 0.6813 or 0.6756 in the short-term. We would be shorting at 0.6938 with stops on a close above 0.6963 and with a downside target of 0.6813. We would try longs at 0.6756 for a bounce.