Currently: Short Looking to: Cover @ 0.6351
As of 9/27/19 close: 0.6765
LAST WEEK: We suggested shorting bounces to 0.6786 with stops above 0.6910 and with a target of 0.6351.
UPDATE: The AUDUSD cross is bouncing modestly early Monday. But the overall trend appears to be lower and bounces are to be sold.
Initial resistance comes in at 0.6805 thats where shorts can be started or added. But, stops on shorts should be honored on a close above 0.6839. The downside target remains 0.6351.