Can nothing stop this pair (AUDUSD)! She is making short work of the dollar. As stated previously I am now short with 2 positions. One at 1.0350 and one at 1.0400 with an average position of 1.0375....at the moment of this post I am in profit at about 20 pips.
I am hoping to hold this trade down to 1.0200, where I will then take profit for my shorts, and then look to get long again on the Aussie.
Watch out for the rate announcement tomorrow. My prediction is that rates will stay the same, or will be reduced by .25 percent. Lets wait and see.
Happy trading.
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