Currently: Short Looking to: Cover @ 0.6800
As of 9/18/20 close: 0.72899
LAST WEEK: We suggested selling longs / getting short at 0.72887 with stops honored on a close above 0.73268 and with a target for covering / getting long at 0.6800.
UPDATE: AUDUSD ran up to our projected ceiling and turned south this week. No changes to our outlook from last week. AUDUSD should head down towards 0.6800 in the coming days / weeks.
We would sell longs / get short on a bounce to 073111 with stops on a close above 0.73451 and with a target of 0.6800 for covering and getting long.