Currently: Short Looking to: Cover @ 0.6834
As of 11/10/19 @ 9:15pm EST: 0.6848
LAST WEEK: We suggested shorting near 0.6923 with stops on a close above 0.6975 and with a downside target of 0.66.
UPDATE: The AUDUSD touched the short-sale trigger at 0.6923 this week and has started to tumble. A look at the
daily chart shown here tells us that there may be some buying support coming in at around 0.6834. Again, with this situation, its a bit of a low conviction call this week.
We would be covering shorts and buying AUDUSD at 0.6834 with stops on a close below 0.6809 and with an upside target of 0.6930.