Short AUDUSD @ 0.9614, SL 9655. Update: closed for +5 pips

2.33 bst

The chart is still bearish, although showing signs of basing. The GDP data is negative and I reckon we should get a re-test of 0.9580/50 based on that. I have entered a short as follows:

Short AUDUSD $10/pip @ 0.9614. SL at 0.9655.

2.42 Update:

The price action looks very weak, in either direction. I am getting out here at a small profit.

Closed short at 0.9609, +5 pips.

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