December Australian dollar futures (A6Z25) are showing a selling opportunity due to price weakness. The U.S. economy is stronger than Australia’s, with the threat of additional U.S. tariffs on Australian goods further impacting the Aussie dollar. A move below chart support at .6436 would signal a selling opportunity, with a downside price objective of .6100.
It is important to note that futures trading is volatile, complex, and risky. Before investing in futures or options contracts, consider your financial experience, goals, and resources. Understand your exposure to risk and review all risk disclosure documents from your broker. Jim Wyckoff does not have positions in the securities mentioned in this article.
Read more at Yahoo Finance: Play Weakness in Australia’s Economy with Today’s Top Commodity Trade
