Currently: Cash Looking to: Short @ 0.6981
As of 5/19/19 at 9:05pm EST: 0.6915
LAST WEEK: We suggested getting long down at 0.6946 with stops below 0.6900 and with a target for selling / shorting up at 0.7400.
UPDATE: The AUDUSD cross broke projected ST support at 0.6900 0.6945 and now appears like its fully back in bear mode. Now, the chore is to identify potential bounce targets at which we want to sell troublesome longs and get short. The first level at which that should be done is 0.6981. Stops on shorts should be honored on a close above 0.7070 and the downside target will be 0.6305 over the course of the coming months.