Near Term Trend: Neutral / Bearish
As of 5/18/18 close: 0.75111
UPDATE: Last week, I noted I would be covering existing shorts down at 0.74871 and would actually consider going long at 0.74722 with a target of 0.76414.
AUDUSD is bouncing in a short-term downswing. Im expecting a ceiling to come in at 0.75884 before another shot lower commences. Look to sell / short at 0.75884 and to buy / cover down at 0.73434.
I would be holding longs until 0.75884, selling / shorting there with stops on a close above 0.76200 and covering down at 0.73500.