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Australian Dollar Trust (FXA) Showing Bearish Technicals With Support At $77.21

Mar 06, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Australian dollar Trust (<a href="">FXA</a>). Look at the Sep 21, 2018 $77 covered call for a net debit in the $75.31 area.<br /> <br /> This trade has a duration of 199 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.02% downside protection. If the stock closes at or above $77 at expiration this trade will return 2.24% or 4.11% (for comparison purposes only). <br /> <br /> FXA closed Mar 5, 2018's trading session at $77.66. In the past year, the stock has hit a 52-week low of $73.37 and 52-week high of $81.36. Australian dollar Trust stock has been showing support around $77.21 and resistance in the $77.89 range. Recent technical indicators for the stock are bearish.

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