Day-trade: long AUDUSD @ 1.0209

22.32 gmt

The markets look very quiet and will likely remain like this until London opens. The only pair likely to move somewhat is the AUD which is reacting to slightly weaker Chinese data over the weekend. The AUDUSD has opened lower, opening up a small gap from the Friday close. I am entering a day trade, betting on the gap closure today. The AUD is also near the 50% Fibo level of its swing up from 1.0115 – 1.03, which lends it additional support.

Long $200/pip AUDUSD @ 1.0209, SL 1.0182.

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