Currently: Short Looking to: Cover @ 0.6158
As of 8/11/19 @ 11:08pm EST: 0.6788
LAST WEEK: We suggested shorting up at 0.7043 with stops above 0.7085 and with a target of 0.6158.
UPDATE: The AUDUSD cross is bouncing in the very short-term and has room to continue up to 0.6851 without even turning the short-term picture bullish.
We are staying with our recent calls to sell rallies this time to 0.6851. Honor stops on a close above 0.7043 and look to cover all the way down at 0.6158.