Closed AUDUSD short @ 1.0349, -21 pips

14.05 gmt

The AUD has become a very frustrating pair to trade. Today’s range has been only 46 pips! I am closing this at a small loss.

Closed AUDUSD long at 1.0349, -21 pips, -3.2%.

Right now I have only the USDJPY long (showing approx -95 pips loss) and the EURUSD short (about +95 pips profit), ie. positioned for USD strength. I think the markets are going to be slow for the next couple of days, unless the Yen pairs break even lower! In retrospect, I should not have entered new trades early this week after a bumper result last week.

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