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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 TRADE ALERT
Australian dollar Trading OUTLOOK
13:39 GMT - 09:39 NYT - Friday, July 8, 2010
AUM (AUD/USD): further USD weakness expected
Pivot: 85
Our forecast: Up move towards 90 or even 94.
Comment: The pair is on the upside and is breaking above its resistance, a further up move is expected as the RSI is well directed.
To leverage our Trend Opinion on Australian dollar, we selected the following strategy.
Buy AUM Aug 10 88.5 CALL
Click here to view supporting charts and data for our trade alert:
http://www.fxoptions.com/Site/NewTradeAlerts.aspx
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