Got a few emails with thanks for the call on the Aussie at 1.0300. I was asked if I would re-short at that level again. My answer is yes and no, I think next time it pushes through the 1.0300 level, it is going to be a nice push higher toward the 1.0400 area.
So I think the best answer to all the emails would be this, start scaling in your shorts at 1.0300 again. Scale in with nice small amounts, expecting the next price hit to be around 1.0400. I imagine there will be a whole lot of hedge funds waiting for 1.0400 anyway, so that would not be a bad place to make a substantial position.
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