Currently: Short Looking to: Cover @ 0.6351
As of 1/10/20 close: 0.6901
LAST WEEK: We suggested shorting bounces to 0.7024 with stops on a close above 0.7030 and with a target of 0.6351 in the LT. ST trading buys could occur at 0.6914 with a target of 0.6995.
UPDATE: The AUDUSD didnt show any life last week until Friday. For the bulls to have any hope, they would
have to push AUDUSD above 0.6952 on a closing basis. Unless and until then, we will remain bearish.
We would short bounces to 0.6952 with stops on a close above 0.6958 and with a downside target of 0.6351.