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Forum Guru
 
Group: Administrators
Last Login: 8/25/2010 9:38:53 AM
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TRADING CENTRAL's - FX OPTIONS TREND OPINIONS
10:33 GMT - 06:33 NYT - Wednesday, July 6, 2010
Australian Dollar Trading OUTLOOK
AUX (USD/AUD): new USD weakness expected
Pivot: 120
Our forecast: Down move towards 113 or even 106.75.
Comment: The pair should strike against its resistance as the RSI lacks upward momentum.
To leverage our Trend Opinion on Australian Dollar, we can use different options :
1. Buy AUX Aug 10 116 PUT
1. Buy AUX Aug 10 119 PUT
1. Buy AUX Sep 10 116 PUT
Click here to view supporting charts and data for our trade alert:
http://www.fxoptions.com/Site/NewTrendOpinions.aspx
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