Sold AUD – again.

00.50 gmt

The headline unemployment rate inched up to 5.8 even though jobs increased by 21k. This is a mixed number, and anyway, the recent Australian labour stats have been all over the place! The more interesting observation is what price has done since the announcement.  Spike up to 0.9080, where there has been heavy selling. This looks like a prelude to a huge drop. I am getting in again on the short side.

Short $6/pip AUDUSD at 0.9053. SL 0.9105.

Advertisements

5 thoughts on “Sold AUD – again.

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