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Australian Dollar Trust (FXA) Showing Bearish Technicals With Support At $75.92

Dec 06, 2017 ( via COMTEX) --

After Dec 5, 2017aEUR(TM)s trading in Australian dollar Trust (<a href="">FXA</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.28% or 4.37% (for comparison purposes only), while providing 2.36% downside protection. The trade is a Jun 15, 2018 covered call at the $76 level for a net debit of about $74.29. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $75.92 and $76.24, respectively.

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