Thursday, February 7, 2013

Comments on Aussie Dollar by @JimIuorio

Comments on Aussie Dollar by @JimIuorioSocialTwist Tell-a-Friend

Attached is a daily chart of March Aussie Dollar (ADH3).

Yesterdays move was significant and represents a longer term policy shift by the Australian Central Bank.  Today's retracement appears to be an opportunity to establish short interest.  I like the ADH3  
102.5-102 put spread for an outlay of 16 ticks.  Max loss is 16 ticks or $160 and max gain is 50-16 = 34 ticks or $340.  We will have 4 weeks on this trade as it expires on March 8th.


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