Position and Analysis - Looking to Short AUDUSD at current levels based on weak fundamentals for the AUD and a strong technical setup.
SHORT AUDUSD between 0.7100 to 0.7150.
STOP LOSS above 0.7190 (major resistance at 0.7160 - previously 2016 daily support level).
TAKE PROFIT - Conservative Target 0.6900 or for a longer term play to test the 2015 low of 0.6820.
SHORT AUDUSD between 0.7100 to 0.7150.
STOP LOSS above 0.7190 (major resistance at 0.7160 - previously 2016 daily support level).
TAKE PROFIT - Conservative Target 0.6900 or for a longer term play to test the 2015 low of 0.6820.