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30 Jun 2015
Aussie Dollar Futures Buying Opportunity?
Gallery: Home Description: June 29, 2015 In the midst of the weekend Greek tragedy, the Aussie plunged into technical trend-line support in the mid-.7550 and has subsequently bounced. However, depending on events in Greece we can’t rule out one more leg of across the board selling in currencies (synonymous with buying of the U.S. dollar), that could lead the Aussie down to the mid-to-low .7400s. This would complete a retest of the March low and, in our opinion, would likely result in a double-bottom according to standard technical analysis. Thus, we’d be willing to get aggressively bullish if this level was seen.
File Size: 45.22 KB Dimensions: 1285x685 Created: 30 Jun 2015 Updated: 7 Jul 2015

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