Saturday, August 1, 2009

Rydex CurrencyShares Australian Dollar Trust ETF (FXA)


Check out the above weekly chart of the ETF linked to the Australian Dollar index.
This currency has made +33% since its lows in January 2009.
This makes it one of the strongest currencies in the world. The resistance around 81-82$ was broken this week.

I will enter in a position on this ETF on Monday with a limit of 84$. My target exit is at least 95$
Stop loss @ 75$.

No comments:

Post a Comment