Currently: Cash Looking to: Buy @ 0.75205
As of 1/17/21 close: 0.76922
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 has started to pull back off recent highs – perhaps in conjunction with crude oil starting to weaken a bit. We are sticking with our call for a pullback to 0.75205 and then more rallying to commence.
No changes to our recommendations from last week’s report.