USD keeps on rising
Hedge funds continue to buy the USD across the board and there is little point in getting in the way. My stop in the AUD/USD has been triggered and the move lower today has been absolutely relentless. USD/JPY is settling back above 98.00 and the dollar bulls have complete control of this market.
I find it best not to try and regain losses immediately, that usually goes pear-shaped as well, so I’ll just watch proceedings from the benches for now.