Stops under 90000 were triggered this morning and a bounce is expected. Since the pair is the weakest amongst the majors safer to short this at natural bounce levels. Re shorting @ 90700 and 91150 if and when it gets there.
Comments
TLTrader
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All positions closed at 9045.
TLTrader
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Short 1st tranche @ 90700
sunny
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me too! targeting below 0.9000 today?
TLTrader
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Sunny...i'll be happy to close ahead of 90000 as that is a round number that maybe defended by the longs. My tgt. is 90050. Best
sunny
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Me too. In case of consolidation, I started taking profits from 55. I won't hold this over the weekend either.
sunny
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Early Monday - 2 am GMT China release Q2 GDP
TLTrader
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Yes, I'll fold before mkt. close too. The consensus for China Q2 GDP has trended down from 8.2 to 7.5. So a slight beat can knee jerk AUD.