Slow tedious trading. After a very active week last week, so far this week has been slow. The AUD had difficulty rising above the Asian session high, which was also yesterday’s high. Once it began to roll over, we entered and hoped that we would be able to get to at least the Asian session low. This was not the case!
As the US traders began their day, the pair found sellers at the Asian session high each time it attempted to get above. We end up closing the trade at the UK close for 20 pips.
Let’s hope the next 2 days are a little more active.
Good luck with your trading!