At this point, having taken a lump er two holding a couple of USD longs, it’s an easy “stop and reverse” for a decent trade in the opposite direction.
We’re pretty much looking at the long anticipated “USD waterfall” here as of yesterday, and you’d not want to get stuck on the wrong side of that.
Pure play – a simple long both GBP/USD as well EUR/USD.
Otherwise, some great comments and ideas on AUD here overnight ( thank you everyone who’s contributed ).
As counter intuitive as it may seem I’m easy holding / adding short AUD while holding these two “new trades” for a shorter term rip. It doesn’t “appear” AUD has got much life left in her anyway.
USD looking to take out lows from October….and then some. Easiest play – long EUR and GBP.