Currently: Long Looking to: Sell now; short @ 0.78662
As of 2/26/21 close: 0.77054
LAST WEEK: We suggested selling longs / getting short at 0.81012 with stops above 0.82000 and with a covering target of 0.76907. Longs were suggested at 0.75639 with stops below 0.75000 and with a target of 0.81500.
UPDATE: AUDUSD rallied into Friday morning and then reversed lower sharply. We feel a pullback to 0.75999 will likely play out in the coming days before another rally attempt commences with an ultimate target of 0.81500. We would sell longs now and short up at 0.78662 with stops on a close above 0.80075 and with a target for covering / getting long at 0.75999.