Friday, October 26, 2007
The AUD popped above 9100, peaking around 9118. Time to take profits and wait for a little consolidation. Another nice 100bps+ profit on a long AUDUSD trade. Also, happy not to hold a position over the weekend. No point paying funding for 2 Days when you can't trade on anything. The trend continues to provide good opportunities on the long side and I'll next be looking at getting long around the 9080 level for a trade to 9150.