Currently: Short Looking to: Cover @ 0.6079
As of 9/15/19 @ 11:33pm EST: 0.6878
LAST WEEK: We suggested shorting bounces to 0.6862 with stops above 0.6900 and with a target of 0.6079.
UPDATE: The AUDUSD cross has rallied sharply in the last week and is now approaching projected resistance at 0.6900 (from last weeks report). We still feel the AUDUSD will trade significantly lower but these types of bounces are not uncommon in a bear trend.
We would sell longs and get short at 0.6890 with stops honored on a daily close above 0.6910 and with a downside target of 0.6500 in the short-term and 0.6079 in the longer-term.