Currently: Short Looking to: Cover @ 0.6351
As of 1/20/20 @ 12:03am EST: 0.6884
LAST WEEK: We suggested shorting bounces to 0.7024 with stops on a close above 0.7030 and with a target of 0.6351 in the LT. ST trading buys could occur at 0.6914 with a target of 0.6995.
UPDATE: The AUDUSD had a bad week and looks to be headed lower overall although a short-term bounce may be in store in the very short-term.
We would look to sell longs / get short of AUDUSD at 0.6952 with stops on a close above 0.7026 and with a downside target of 0.6351.