A fine support line formed along with 200 SMA in 1 hour chart around 0.81xx
Opened at 0.8209, High at 0.8294, Low at 0.8067 and Closed at 0.8222
Monday had a sharp decline by 100+ pips in the morning touched 200 SMA and bounced back 30 pips by late evening.
Tuesday tested 200 SMA few times but the support was strong enough to throw back high. But strong US Dollar did not allow Australian Dollar to see any remarkable gains.
Wednesday 200 SMA was breached by 70+ pips and started recovering above the support level. All day touch and go at support level.
Thursday gained 80 pips in early hours and got pushed down to support level. Again started to move up by 140+ pips. Strong USD played bearish, AUD down by 80 pips in the afternoon.
Friday earlier few hours a little bullish but again went down to test the support. By evening before the closing bell AUD saw 50 pips gain.
Short Position: 5
Long Position: 2
Total Gain or Loss: 675 PIPs.
Opened at 0.8209, High at 0.8294, Low at 0.8067 and Closed at 0.8222
Monday had a sharp decline by 100+ pips in the morning touched 200 SMA and bounced back 30 pips by late evening.
Tuesday tested 200 SMA few times but the support was strong enough to throw back high. But strong US Dollar did not allow Australian Dollar to see any remarkable gains.
Wednesday 200 SMA was breached by 70+ pips and started recovering above the support level. All day touch and go at support level.
Thursday gained 80 pips in early hours and got pushed down to support level. Again started to move up by 140+ pips. Strong USD played bearish, AUD down by 80 pips in the afternoon.
Friday earlier few hours a little bullish but again went down to test the support. By evening before the closing bell AUD saw 50 pips gain.
Short Position: 5
| Lot | Profit/Loss | Lot X Pips |
| 5 | 71 | 355 |
| 5 | 21 | 105 |
| 5 | -12 | -60 |
| 5 | -15 | -75 |
| 5 | -20 | -100 |
| Net PIP Gain or Loss | 225 | |
Long Position: 2
| Lot | Profit/Loss | Lot X Pips |
| 5 | 40 | 200 |
| 5 | 50 | 250 |
| Net PIP Gain or Loss | 450 | |
Total Gain or Loss: 675 PIPs.
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