Currently: Short Looking to: Cover @ 0.6693
As of 2/13/20 as of 7:31pm EST: 0.6673
LAST WEEK: We suggested getting long at 0.6614 with stops on a close below 0.6595 and with a target of 0.6700 for taking profits / getting short (with a downside target of
0.6590).
UPDATE: The AUDUSD made it up to 0.6700 as we suspected it might. However, the pattern that has
developed in the process of moving higher indicates to us that AUDUSD may trade up to either 0.6773, 0.6804 or
0.6834. So, we would suggest holding existing shorts unless 0.6834 is violated on the upside. New shorts can be established at 0.6773. The downside target is 0.6611.