{"id":60222,"date":"2012-07-09T12:33:16","date_gmt":"2012-07-09T02:33:16","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/07\/09\/aussie-should-retest-lows\/"},"modified":"2012-07-09T12:33:16","modified_gmt":"2012-07-09T02:33:16","slug":"aussie-should-retest-lows","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/07\/09\/aussie-should-retest-lows\/","title":{"rendered":"Aussie Should Retest Lows"},"content":{"rendered":"<p>\n\tBy Robert Clayton<\/p>\n<p>\n\tFriday&rsquo;s AUD-USD break of 1.0220 should now see the bears pave the road into the low 1.01 territory. Downside potential from the 1.0220 break holds towards the key level holding at support at 0.9965. On the open of the Australasian session should retest Friday&rsquo;s low and attack the rising trend line at 1.0155-65. From the given weakness, technically this level is vulnerable. Sub 1.0155 then it is highly likely the bears will continue to grow in numbers and continue the decline to 0.9965. Reassess from there. On the topside, fresh advances will likely to struggle towards the 1.0255 resistance. Also to note, the 100-day moving average holds at 1.0254.<\/p>\n<p>\n\tRange: High 1.0291; Low 1.0179; Last 1.0208<\/p>\n<p>\n\tTechnical bias: Downside potential has now heightened from the 1.0220 break<\/p>\n<p>\n\tResistance levels: <span>1st<\/span> 1.0255; <span>2nd<\/span> 1.0335-40; <span>3rd<\/span> 1.0420<\/p>\n<p>\n\tSupport levels: <span>1st<\/span> 1.0155-65; <span>2nd<\/span> 1.0120; <span>3rd<\/span> 1.0055<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/0_rob.jpg\" style=\"width: 600px;height: 336px\" \/><\/p>\n<p>\n\t<em>Rob Clayton &ndash; Senior Technical Analyst &ndash; has been providing technical analysis on Foreign Exchange, Futures, and Interest Rate products for the past 21 years. He held many senior analyst roles including the role of Senior Technical Analyst at Westpac Institutional Bank for 12 of those years. Rob is now part of the investments team at <span>GTL<\/span> Capital Management. Rob&rsquo;s daily reports are read by institutional and professional clients in Australia, Asia, Europe and the Middle East.<\/em><\/p>\n<p>\n\t<em><span>GTL<\/span> Capital Management provides proven managed trading services and technical analysis across multiple asset classes. <span>Utilising<\/span> over 100 years of combined trading knowledge the investments team provides a dedicated focus on absolute returns for its clients. <span>GTL<\/span> Capital Management Pty Ltd is a wholly owned subsidiary and a Corporate <span>Authorised<\/span> Representative (#416815) of <span>GTL<\/span> <span>Tradeup<\/span> Pty Ltd <span>ACN<\/span>: 145 955 906 <span>ASFL<\/span>: 381 349<\/em><\/p>\n<p>\n\t<em>For more information please visit <a href=\"http:\/\/www.gtltradeup.com\/\">www.gtltradeup.com\/managed.html.<\/a><\/em><br \/>\n\t&nbsp;<\/p>\n<p style=\"text-align: center\">\n\t<em><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/GTL Clayton.jpg\" style=\"width: 217px;height: 125px\" \/><\/em><\/p>\n<p>\n\t<em>Risk Warning: Trading in leveraged or geared products such as derivatives and margin foreign exchange carries a high level of risk to your capital and you should only trade with money you can afford to lose. We encourage you to consider your investment objectives, your risk tolerance and trading experience when deciding to deal in <span>GTL<\/span> <span>Tradeup<\/span> products. We recommend you seek independent advice. It is possible to lose more than your initial invested funds when trading in geared products. Trading derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved. <\/em><\/p>\n<p>\n\t<em>General Advice: Any advice or trading view provided by <span>GTL<\/span> <span>Tradeup<\/span> or <span>GTL<\/span> Capital Management is general in nature and does not take into account any of your objectives, financial situation or needs unless specifically agreed to by a statement of advice (<span>SOA<\/span>). For this reason, before you act on any information, you should consider the appropriateness of the information to you and if necessary seek independent advice. The Financial Services Guide (<span>FSG<\/span>) and Product Disclosure Statements (<span>PDS<\/span>) for <span>GTL<\/span> <span>Tradeup<\/span> products are available from our website <a href=\"http:\/\/www.gtltradeup.com\/\">www.gtltradeup.com <\/a>or by contacting us by email: sales@gtltradeup.com or by phone: +61 2 8095 7520. The <span>FSG<\/span> and <span>PDS<\/span> should be considered before deciding to enter into any derivative or foreign exchange transaction with <span>GTL<\/span> <span>Tradeup<\/span>.<\/em><\/p>\n<p style=\"background-color: #ffffff\">\n\t<strong>Technical limitations<\/strong><\/p>\n<p style=\"background-color: #ffffff\">\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, <em>we <span><span><span>apologise<\/span><\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<br \/>\n\t<em>Find out why <span>FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Clayton of GTL Management sees further Aussie dollar risk to the downside.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[29],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60222"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60222"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60222\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}