AUDUSD: closed at b-e

8.32 gmt

The signs are that we may see some more dollar strength today. Gold is looking weak, and since the AUD is highly correlated to gold I’ve decided to close the long AUD trade.

Closed AUDUSD long at 0.9387, +1 pip.

With a light data week, markets are directionless, and such days are best spent out of the market.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s