
December Australian dollar (A6Z25) futures present a selling opportunity on more price weakness.
See on the daily bar chart for the December Australian dollar futures that prices are trending down and last week hit a seven-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down.
Fundamentally, the interest rate differential between the U.S. and Australia shows U.S. rates significantly higher, favoring the U.S. dollar over the Australian dollar. Australia is a major commodity exporter, and slowing economic growth in China and the U.S. are cutting into Australian exports.
A move in the March Aussie dollar futures below chart support at last week’s low of .6445 would become a selling opportunity. The downside price objective would be .6100 or below. Technical resistance, for which to place a protective buy stop just above, is located at .6600.

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.
Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%):
Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.