CurrencyShares Australian Dollar Trust (FXA) 11/3/09 PriceWatch Alert Support At Around $89.11

Posted: Tuesday, November 03, 2009 8:28 AM EDT

CurrencyShares Australian Dollar Trust (PCX: FXA) closed yesterday at $90.38. So far FXA has hit a 52-week low of $60.81 and 52-week high of $93.41. FXA has been showing support around 89.11 and resistance in the 91.89 range. Technical indicators are Bullish. FXA appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Mar '10 90 covered call (FGA CL) for a net debit in the $86.98 area. That is also the break even stock price for this trade. This covered call has a 137 day duration, provides 3.76% downside protection and a 3.47% assigned return rate for a 9.25% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]

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