Trade Alerts, Trend Reports and Opinions by FX Options
Australian Dollar: the downside prevails.
July 22, 2010 at 7:42 am • Posted in Daily Trend Report
Australian Dollar
| Pivot: 120 |
| Our Scenario: Short positions below 120 with targets @ 111.2 & 106.75 in extension. |
| Alternative Scenario: Above 120 look for further upside with 123.65 & 129.75 as targets. |
| Comment: the RSI has just struck against its neutrality area at 50% and is reversing down. |
| Option Strategy |
| Option ST |
0 |
| Delta ST |
0 |
| opinion MT |
-1 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
120 |
| Resistance2 |
123.65 |
| Resistance3 |
129.75 |
| Support1 |
111.2 |
| Support2 |
106.75 |
| Support3 |
102.15 |
