Issued: 03/24/2015
June Australian dollar:
1. Yesterday’s (Mon. Mar. 24) June Australian dollar report indicated that Monday’s daily close below $78.65 indicated a quick decline and test/attempt at $77.75/$.65 (or lower) into Wed., Mar. 25 (+/- 1 day).
2. However, the June Australian dollar broke out above the critical $78.65 level and triggered our protective buy stop at $78.85, resulting in a loss on the entire position. Will message any further entry or indication in the June Australian dollar.
David Williams
Issued: 03/23/2015
June Australian dollar:
1. Today’s daily close below $78.65 in the June Australian dollar places the market into a ‘Sell’ position for a quick decline and test/attempt at $77.75/$.65 (or lower) into Wed., Mar. 25 (+/- 1 day). Any daily close above $78.65 will negate the above indication.
2. Initial short position exit should be taken at/near $78.12, further exit at/near $77.75/$.65 and any remaining short position held for the possibility of lower prices to be messaged in a subsequent update.
3. Once short, a protective buy stop should be placed at $78.85. This stop will be moved lower as the market continues to confirm. Will update.
David Williams