06/25/2014 – Australian Dollar

Issued: 06/24/2014

September Australian dollar:

1. In Monday’s (June 23) live meeting it was suggested that the Australian dollar could be sold short upon any further test and failure at/near $93.77 for a multi-day decline to at/near $92.90/$88.

2. Today’s (Tuesday, June 24) Australian dollar session made a session high of $93.76 (just below the $93.77 failure level) and has declined sharply lower.

3. Self-directed traders acting upon the above information should exit a portion of their position at current prices (current price, $93.32). Further decline is indicated into Wed., June 25 / Thursday, June 26, including a test/attempt at $92.90/$88.

4. Further short position exit should be taken at/near $93.06 and final exit taken at/near $92.95.

5. A protective buy stop should be placed at $93.66. The stop will be moved lower as the market continues to confirm.

David Williams

Issued: 06/24/2014

September Australian dollar:

1. Self-directed traders remain short the September Australian dollar from today’s test and failure at/near $93.77 for the forecast decline to $93.06, then $92.95, forecast in Monday’s June 23 Williams edge live meeting.

2. Today’s (Tuesday, June 24) Australian dollar completed the $93.06 downside target. Final short position exit should be taken at/near $92.95 noted in the original update.

3. Our protective buy stop has been lowered to $93.45. This stop will continue to be moved lower as the market continues to confirm.

David Williams

Issued: 06/25/2014

September Australian dollar:

1. Our Tuesday, June 24 September Australian dollar update indicated that the Australian dollar could be sold short upon any further test and failure at/near $93.77 for a multi-day decline to $93.06 then at/near $92.95.

2. Tuesday’s session high was $93.76 (against the indicated test and failure at/near $93.77) and today’s session (Wed., June 25) completed the $93.06 downside target (session low, $93.00, so far).

3. Today’s session reversed powerfully off the $93.00 session low, giving the earliest indication that the forecast decline may have completed slightly above the $92.95 final profit target.

4. Our protective buy stop remains at $93.45. This stop will be lowered if the market continues to confirm.

David Williams

Issued: 06/25/2014

September Australian dollar:

1. Today’s (Wed., June 25) September Australian dollar completed the majority of the forecast decline from at/near $93.77 to $92.95 noted in previous updates (today’s session low, $93.00, so far).

2. The market advanced strongly off today’s $93.00 session low and triggered our $93.45 protective buy stop, exiting our remaining 1/3 short position. This resulted in a successful trade. Will message any further entry or indication as the market confirms.

David Williams