Issued: 03/27/2014
March Australian dollar, previous update:
1. Today’s March Australian dollar completed the forecast decline from $91.30 to $90.30 noted in the previous update (today’s session low, $90.19, so far).
2. The indicated decline occurred after a single test of the $91.30 selling territory which occurred on March 7. Any further entry or indication will be messaged in the June Australian dollar contract.
Latest update:
1. We are now trading in the June Australian dollar.
2. A daily close tomorrow, Friday, March 28 below $92.10 in the June Australian dollar will indicate new short entry for a ‘soft’ decline to at/near $91.70, then at/near $91.45. Will update as the market continues to confirm.
David Williams
Issued: 03/31/2014
June Australian dollar, previous update:
2. A daily close tomorrow, Friday, March 28 below $92.10 in the June Australian dollar will indicate new short entry for a ‘soft’ decline to at/near $91.70, then at/near $91.45. Will update as the market continues to confirm.
Latest update:
1. Friday’s June Australian dollar closed below the critical $92.10 level indicating the forecast ‘soft’ decline to at/near $91.70 initial downside target noted in the previous update (today’s session low, $91.71, so far). Further decline remains possible, noted in the original update. Will update.
David Williams