Near Term Trend: Neutral / Bearish
As of 6/18/18 at 6:00AM EST: UPDATE: 0.74480
Last week, I suggested shorting AUDUSD near 0.76364 with stops above 0.76420 and with a target of 0.7345.
AUDUSD didnt quite get to the short-entry target noted above last week before collapsing lower. Theres more downside ahead perhaps after a bounce.
I would short rallies to 0.75014 with stops above 0.755 and with a target of 0.74117 (short-term).