Currently: Short Looking to: Cover @ 0.6705
As of 1/26/20 as of 10:35pm EST: 0.6808
LAST WEEK: We suggested selling longs / getting short at 0.6952 with stops on a close above 0.7026 and with a target of 0.6351.
UPDATE: The AUDUSD is getting his as well as money flows out of risk and into perceived safe havens like the
US Dollar. Technically, AUDUSD is stretched to the downside in the very short-term and could / should
bounce. The bounce targets at this point are 0.6890, 0.6917 and 0.6944.
We would short bounces to 0.6890 with stops on a daily close above 0.6950 and with a target of 0.6705 ST.