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Australian Dollar Trust (FXA) Trading Near $77.82 Support Level

Mar 08, 2018 ( via COMTEX) --

A covered call identified by's patented algorithm on Australian dollar Trust (<a href="">FXA</a>) could yield about 2.45% (4.55% annualized, for comparison purposes only) in 197 days. Pair a long position in the stock with the Sep 21, 2018 $78 call for a net debit of about $76.13. This position also has 2.68% downside protection. Australian dollar Trust closed at $78.23 Mar 7, 2018. Technical indicators for FXA are bearish and support and resistance have been about $77.82 and $78.46, respectively.A

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