Near Term Trend: Positive
Friday’s Close: 0.74853 (- 141)
UPDATE: Two weeks ago we went long Aussie at 0.74500, with a stop (U.S. trading close only basis) at 0.73590.
We were stopped out at 0.73510 on June 14.
Unfortunately that was the lowest the Aussie settled before moving higher to 0.76530. We were just nicked on that stop, and unfortunately whipsawed.
Even with the wild price action on Friday, the Aussie continued to maintain its overall bid.