Shorts from 0.93882 can cover stops to 0.93157.
What we're looking for... a neat close below 0.9222 (which is the low of previous NFP). Looking at past candles around NFP, it will take a day or two for price to hit the target. We're looking at 0.912 - 0.915.
Next update closer to RBA's meeting.
P.S: Congratulations if you have held on to the shorts. EURAUD is also proceeding to its retracement target as expected.
PPS: Next week, it should be time to start looking for AUD longs
Time to hedge the positions and tread carefully.
USDCHF is also retracing back to the level I'm watching. Something's not right, given that a bullish NFP is seeing a modest USD strength.
As for my loss, admittedly, a very good lesson learnt. I'll have to be more flexible in my expectations and review my strategy, esp. in a week or two, after the dust settles. I knew I'd had a weak link somewhere and it just got broken.