Currently: Short Looking to: Cover @ 0.6998
As of 3/22/19 close: 0.7086
LAST WEEK: We suggested selling longs and getting short at 0.7118 or 0.7347 with stops above 0.7150 and 0.7400, respectively, and looking to cover at 0.6946.
UPDATE: The AUDUSD cross failed at resistance again last week. We are now setting the downside targets for the current move at 0.6998 or 0.6945. From one of those two levels, we expect a move up to around 0.7400 to commence. We would hold shorts until 0.6998 and would get long at 0.6945 with an upside target of 0.7400 and with stops on a close below 0.6935.