Friday, October 7, 2011

Shorting AUD.USD again 10/7

Just shorted AUD.USD @ .9783
Stop 1.0026
Exit .9400 (will re-adjust later)

AUD.USD has been rallying since setting a low at .9390 last week. It’s now trading around .9800 levels. There are a lot of resistance levels from here up to parity at 1.0000. I am looking for the carry trade unwinding to resume again at these levels.

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