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Last night, I felt that there was a high probability that the RBNZ will hike rates this morning and if they did, the AUD would strengthened in unison.

So at about midnight, when the AUDUSD spot was at 0.8972, I placed a stop if offered spot order at 0.9000, good till 9am Singapore time the following day.

As it happened, RBNZ hiked rates from 2.50% to 2.75% at 4am Singapore time, my order was triggered early this morning at about 7:55am Singapore time.

I have been holding this spot position all day, wondering whether I should sell a AUD call to set a take profit level since I am already in the money.

I decided a few moments ago to square off the position at 0.9094 for a trading profit of 94 bps.


  1. I pay a quick visit daily some blogs and sites to read content, however this weblog
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    • Thank you Julius. I try to provide an alternate approach and an illuminating view in the forex market.

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