Near Term Trend: Neutral / Bearish
As of 6/8/18 close: UPDATE: 0.76000
Last week, I suggested shorting AUDUSD near at last Fridays levels with stops above 0.76030 and with a 0.7384 target.
AUDUSD finished lower for the week after peaking mid-week at a convergence of Fibonacci price projection (for what may be an abc upside correction) and Fibonacci retracement resistance (for the April to May decline. Im anticipating lower prices.
I would short rallies to 0.76364 with stops above 0.76420 and with a target of 0.7345.