Currently: Cash Looking to: Buy @ 0.75205
As of 1/22/21 close: 0.77114
LAST WEEK: We suggested buying dips to 0.75205 with stops honored on a weekly close below 0.74600 and with an upside target of 0.81358.
UPDATE: AUDUSD bounced throughout the week and then turned lower Friday. We still think we will see a dip to 0.75205 enough so that we are willing to wait on new longs. However, our conviction is not so high on the bearish side that we are willing to short in advance of that dip.
No changes to our recommendations from last weeks report.