AUD/USD: Still long and looking wrong
After the strong jobs data yesterday I’m quite amazed to see the AUD down across the board. But the market is always right and I will need to adjust my expectations. If AUD/USD starts to establish itself below .9100 then I will exit the position ahead of the weekend. I’m in at levels just below .9150 so it isn’t a disaster; more lost pride than lost cash 🙁
It is risk-off Friday, never a good time to be long of AUD, but let’s wait and see what this morning brings. Initial resistance starts around .9130.