Currently: Long Looking to: Sell @ 0.81012
As of 2/19/21 close: 0.77676
LAST WEEK: We suggested buying AUDUSD at 0.77464 and would average in to longs down to 0.77128 with stops on a close below 0.76750 and with an upside target of 0.81358.
UPDATE: AUDUSD dipped to 0.772 or so and then rallied as expected. It looks like it will continue on up towards our target of 0.81358 – perhaps with a stop just shy of that and a retracement. We would look to sell longs and get short of AUDUSD at 0.81012 with stops on a close above 0.8200 and with a target for covering at 0.76907. We would get long of AUDUSD at 0.75639 with stops below 0.75000 and with a target of 0.81500.