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Australian Dollar Trust (FXA) Showing Resistance Near $78.81

Feb 08, 2018 ( via COMTEX) --

After Feb 7, 2018aEUR(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 2.83% or 4.59% (for comparison purposes only), while providing 3% downside protection. The trade is a Sep 21, 2018 covered call at the $78 level for a net debit of about $75.85. 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 $77.89 and $78.81, respectively.

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