Currently: Short Looking to: Cover @ 0.6671
As of 12/8/19 as of 11:41pm EST: 0.6832
LAST WEEK: We suggested shorting bounces to 0.6827 with stops honored on a close above 0.6854 and with a
target of 0.6671.
UPDATE: The AUDUSD bounced up to our short-entry target and has started to falter mildly. We still thing the
Aussie Dollar may be in trouble as copper should top out soon and crude is already bumping into resistance.
We would short now with stops honored on a close above 0.6875 and would look to take profits down at 0.6671.