June Australian dollar:
1. In Fridays (Mar. 27) Williams as live meeting it was noted that a daily close below $77.55 in the June Australian dollar would indicate a tradable decline and test/attempt at $76.19 into early this week (week of Mar. 30). Further, it was noted that any break of $77.11 itself would be an excellent short entry for the above-noted decline.
2. The June Australian dollar closed on Friday at $77.12, well below the $77.55 closing level and broke the $77.11 level as well, both indicating a new short entry. The Australian dollar subsequently declined and completed the forecast $76.19 downside target, completing the trade. Will message any further entry or indication in the June Australian dollar.
David Williams