My plan to sell crosses that seemed overbought is working like a charm

I had sell positions in Gbp and Eur crosses with Nzd and Aud
I am lucky that the Gbp/Aud short position was opened, and not a Gbp/Nzd or Eur/Nzd position

Yesterday comments by the bank of Australia indicate a change to the upside for Aud

I had decided to open a long Aud/Usd and a short Eur/Aud yesterday before last nights decision,
as I was already short Gbp/Aud, and Aud seemed very low - fundamentally and technically to me

I was pretty sure the rate would be left unchanged, too, and that might work out well
It worked out better than expected with optimistic sounds from the RBA accompanying an unchanged rate

I am looking to buy any dips in Aud crosses now, as a reversal seems likely, with Aud strong now
ترجمه به انگلیسی نمایش اصل