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03/30/2015 – Australian Dollar

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

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.