Near Term Trend: Bearish / Neutral
As of 8/10/18 close: 0.72998
Last week, I suggested shorting near .07442 with stops on a close above 0.7500 and with a target of 0.71594.
The AUDUSD cross got hammered this week along with almost every currency versus the US Dollar. The weekly chart shown here tells us lower prices are still to come.
Id be holding existing shorts until 0.71446. Ahead of that, Id be shorting bounces to 0.73300 with stops above 0.73600.