Short AUD/USD Position Closed


The short AUD/USD position hit its target today at .8980. It was a very close call because it hit the target and bounced off from .8978. As mentioned in the position analysis (Short AUD/USD from .9049), the .8980 is currently a big congestion and support zone for the pair. In the near-term, the only thing that is likely to break the support is the U.S. Non-Farm Payrolls data Friday morning.