AUD,NZD/Flows and Orders/FXWW News

AUD slightly lower after RBA minutes

http://www.rba.gov.au/monetary-policy/rba-board-minutes/2013/03092013.html

AUD/USD is back below .9300 after fairly neutral RBA meeting minutes. Yesterday’s gap higher after the Summer’s announcement started at .9260 and that’s the obvious downside target with bids reportedly solid near .9270.

  1. Hi Sean, I’m short from .9350, do you think it’s wise taking profit after the gap is filled or letting it float? Fundamentally, I think that the taper would support my position but obviously can’t be certain.

  2. I’m expecting plenty of noisy mkts Jack so booking profits on dips and looking for further rallies to sell on makes good sense to me. But of course much depends on your trading strategy

  3. I try to get into swing trades that I let do the work for me, but I struggle to lock in profit sometimes too. Thanks for the advice Sean, that’s a good way to look at it.

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