Wednesday, 18 March 2009

AUD/USD update

Apologies for lack of activity recently but have been busy with conferences and client needs.

Have taken profit on long AUD position at 0.6600. Think that equities are overdone at these levels, and I'm still very wary about the current Euro strength.

Still like being long AUD/USD, but I think I can re-enter in the low 0.6400's again.

Will update on all positions tomorrow if I get time.