Calculating the Forex profits

I would like to verify the following with who can give me advice.
I am trying to calculate the profit for a 0.001 increase in the AUD/USD

I've made a trade and work the following but not sure if it is correct.
Buy 1 unit of AUD/USD of 0.98497 and sell 1 unit of 0.98497, profit on $ 1.42
This is how I worked it.
0.98511 0.98497 = 0.00014
0,001/0.00014 = 7.1429
7.1429 * $ 1.42 = 14286 10.

Therefore, 0,001 change in the AUD/USD = $ 10.14

Is this correct?

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