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.

  1. I feel your pain Sean 🙂 I lost some pride this week on AUD too. Thanks for the insights on the model/hedge funds driving the selloff.

  2. We’ve all been there Nick, unfortunately part of the job description, but a 100 pip loss on a decent position wasn’t a nice way to end the week, that’s for sure 🙁 I’ll sulk for a few days then get back on the pony

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