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.

5 thoughts on “Sold AUD – again.

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