Attached is a daily chart of December Australian Dollar.
Last week we saw a dissapointing Chinese PMI
number and had some comments from an Australian Central Bank official favoring a weaker currency.
Unfortuanately the chart has
not yet signaled a short entry point.
If ADZ2 looks like
it will settle below 102.34, then we will consider a short position
with an near term objective of 101.05 with stop loss on a settle
back above 103.50.