Part 1: Previous Session Review

Yesterday’s tape was not dramatic, but it was not especially productive either. We took 2 trades across AUDUSD and SOLUSD, finishing with 0 wins, 1 loss, and a net result of -1.9 pips. In practical terms, this was a controlled down session rather than a structural problem.

The important point is that risk stayed contained. AUDUSD did not offer enough clean follow-through, while SOLUSD remained vulnerable to short bursts of volatility that can make entries look better than they really are. When the market is not paying for conviction, the correct response is to keep size sensible and avoid forcing a recovery trade.

From a process standpoint, the loss was small enough to be absorbed, but the session is a reminder that weak momentum and mixed liquidity can turn otherwise reasonable setups into low-quality trades. We move on with the focus on execution, not frustration.

Part 2: Today’s Outlook & Watchlist

The main event today is the Australian labour market release at 21:30 UTC, with Employment Change and the Unemployment Rate both due. This is high-impact AUD news, so AUD pairs should be treated with extra care before and immediately after the print.

AUDUSD is the primary asset on the watchlist. If the jobs data comes in stronger than expected, the pair may try to squeeze higher, particularly if dollar sentiment is soft at the same time. A weaker employment print or a higher unemployment rate would likely put pressure back on AUDUSD and could trigger a sharper downside move if liquidity is thin.

AUDJPY is also worth monitoring as a cleaner read on risk appetite. Strong Australian data can support the pair, but any broader risk-off tone may limit upside even if the headline numbers look decent. For that reason, I would rather wait for the first reaction to settle than chase the initial candle.

The plan is simple: reduce exposure into the release, avoid entering during the spread-widening window, and only engage if price confirms direction after the first volatility spike. Today is not about predicting the data; it is about respecting the event risk and trading the reaction with discipline.