Ive been in this trade 26 days to the short side with a tgt
of .7500 (entry was .76472). It looks like it could really tumble if it breaks through and closes out below .7500. A slew of bad data out of China and Australia sent it down this week. We have a rate decision next week from the RBA (Mon, July 6th
). Wed the 8th, AUS Employment numbers and CPI
and PPI from China. Data has been negative as of late. Holding short and thinking of going to a trailing stop from break even and removing the .7500 take profit.
Update:July 5,2015 Take profit triggered at .7500