I’ve reduced my position back to my core longs and have taken a small profit on my intraday longs taken earlier today. A good source tells me that they bought a good chunk of AUD from .9260 through .9280 but as soon as they finished buying it came straight back in their face. He says the sellers came from plenty of different directions, usually a bearish sign in my view. It would not surprise me at all to see another spike lower later on so I’m taking the safety-first approach, after a tough week.
