Wednesday 14 January 2009

Trade Entry: AUD/USD Short Position, 14-Jan-09

(Re-entry)
Security: Spot FX (mini) AUD/USD

Direction: Short
Opening Price: 0.66721
Contract: 1 (mini)
Opening Contract Value: A$10,000 (US$6,672.1)
Limit Level: 0.64721
Stop Level: 0.68721
Amount Risked: A$260
Interest rate differential fee: -4% p.a.

Technical Justifications:
  1. Upcoming economic data expected to deteriorate and lead to a bearish AUD/USD.
  2. Candlestick analysis shows bearish signals confirmed within last few days.

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