Currently: Short Looking to: Cover @ 0.6671
As of 11/15/19: 0.6815
LAST WEEK: We suggested covering shorts and buying AUDUSD at 0.6834 with stops on a close below 0.6809
and with an upside target of 0.630.
UPDATE: The AUDUSD has bounced over the last week and is bumping into one of two possible resistance levels
at 0.6821. If that level is conquered on a 4-hr close, look for a run up to 0.6866 to occur. However, if 0.6821 holds as resistance, look for a move down to 0.6671 to play out.
We would look to sell / short at 0.6821 with stops honored on a close above 0.6870 with a target at 0.6671.