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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
13:01 GMT - 09:01 NYT - Monday, July 26, 2010
Australian dollar Trading OUTLOOK
AUX (USD/AUD): further USD weakness expected
Pivot: 118.50
Our forecast: Down move towards 106.75 or even 102.
Comment: A key declining trend line on the daily RSI maintains downward pressure.
To leverage our Trend Opinion on Australian dollar, we can use different options :
1. Buy AUX Aug 10 111 PUT
1. Buy AUX Sep 10 111 PUT
1. Buy AUX Sep 10 110.5 PUT
Click here to view supporting charts and data for our trade alert:
http://www.fxoptions.com/Site/NewTrendOpinions.aspx
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