AUD/USD – not sure!

Recently I went short on this as I suspected the RBA was quite uncomfortable with the currency in the high 70s. The level I got set was 77.40, and this morning I closed this trade at 74.85. I was fortunate with the low CPI figure after the trade and when the RBA cut rates it triggered a very extreme one day fall. I was targeting around 74 initially but because this fall was so extreme on the day, and since there have been some Australian economic releases that have come out quite reasonable, I have decided to leave this alone for awhile and close out.

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