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.