June Australian dollar:
1. In yesterday’s (Mon., May 18) Williams edge live meeting it was noted that any hourly or especially daily close below $79.85 in the June Australian dollar could be sold short for a quick decline down to $79.15.
2. Yesterday’s session closed below $79.85 (at $79.77), indicating new short entry.
3. Subsequently, today’s June Australian dollar declined sharply and completed the $79.15 downside target (and lower) completing the forecast/trade. Will message any further entry or indication in the June Australian dollar.