Our AUDUSD short position is in the money now

The AUDUSD dropped like a stone on the lower than expected CPI number. The pair broke through the support line and made a new low on a daily chart falling below the psychologically important resistance at 0.9300. It might take time to break through that number though.

OurĀ  short-position position opened on Apr. 17 is in the money now (see that post here: Th., Apr. 17. The first profit target is just above the daily 200MA at 0.9262.

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