Shorting the Aussie is finally paying off. My trade is now 23 pips in the green. The pair traded as low as 0.7252 few hours ago but currently we have retraced somewhat to 0.7276. I plan to hold this trade until we hit the 20 simple moving average on the daily chart. This is currently at 0.7115.

I also had a long GBP/USD on a break above 1.5380. This trade thankfully didn't trigger as all my margin was taken by the short AUD/USD. The Pound only traded as high as 1.5387 then it sharply reversed almost 200 pips to a low of 1.5199. The pair is currently trading at 1.5244.

The break above 1.5380 was on news about the a major 100 billion M&A deal. But the weak CPI later on at -0.1% rained on that parade.
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