Currently: Short Looking to: Hold until 0.7040
As of 10/14/18 at 6:45pm EST: 0.7108
Last week, I suggested shorting near 0.7230 with stops above 0.7300 and with a target of 0.6826.
The AUDUSD is likely to test the recent lows at 0.7040 before bouncing a little more convincingly. There are certainly lower levels to be tested after that bounce, however.
Cover existing shorts at 0.7040 and then wait for bounce to 0.7230 to play out before re-shorting. Honor stops above 0.7300 and look to cover down at 0.6850.