Our AUDUSD short position is in the money now

April 23, 2014 at 2:08 am

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.