Today closes +0.447% with a short position on #AUDUSD. The pair made good attempt to draw down after the RBA meeting, but with some to and fro a support floor was formed as Tokyo wound down. With a short order placed below session lows the pair began eroding support as London opened, leading the order to fill nicely by giving access to liquidity through selloff as price broke through ‘17 support. Steadily the pair broke down, allowing risk to be sliced from -0.5%, to -0.4%, to -0.1% before T1 was hit, making for partial closure at +0.447%. A portion of the position was left in situ to catch a selloff should the pair run, but after a period of brief support a rally formed, making for full exit. This partial close strategy is part of our ‘fettle’, with today being a strong example of why we have confidence in it.