Currently: Short Looking to: Cover @ 0.6777
As of 10/19/20 @ 12:44am EST: 0.70870
LAST WEEK: We suggested shorting at 0.72646 with stops on a close above that level and with a downside target for covering / getting long at 0.67765.
UPDATE: AUDUSD is trading modestly higher to start the week. But the action recently has been very bearish. We still see AUDUSD working its way down towards our ultimate target of 0.67765.
We would look to short AUDUSD on a bounce to 0.716 with stops on a close above 0.72 and with a downside target for covering and getting long at 0.67765.