The Australian dollar reached new 4 year lows in November, falling below the 85 cent mark. Can it further fall? If so, how? The team at SocGen analyzes the downtrend and the so called “dead cat bounces”: Here is their view, courtesy of eFXnews: SocGen remains structurally bearish AUD/USD but notes that the technical picture strongly suggests that the pair should see a tactical bounce, before weakness resumes in 2015. “It has just tested the bottom of its four-year downtrend channel, making upside risk the most likely scenario. Our technical analysts also warn about a reduction in bearish momentum,” SocGen clarifies. “We would be sellers again on higher levels, but this will not keep us from monetizing a rally,” SocGen advises. Moreover, SocGen commodity team forecast iron ore prices will stabilize after a massive downtrend, and their copper outlook is marginally bearish (China reaffirms infrastructure projects, supply remains tight and strikes at mines are supporting the market). “We will sell the AUD again when the copper future clearly breaks 295/300,” SocGen adds. The trade: “Buy AUD/USD 2M call strike 0.86 double KO 0.8350 & 0.91,” SocGen advises. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next Euro-zone inflation at 0.3%, core at 0.7% – EUR/USD Yohay Elam 8 years The Australian dollar reached new 4 year lows in November, falling below the 85 cent mark. Can it further fall? If so, how? The team at SocGen analyzes the downtrend and the so called "dead cat bounces": Here is their view, courtesy of eFXnews: SocGen remains structurally bearish AUD/USD but notes that the technical picture strongly suggests that the pair should see a tactical bounce, before weakness resumes in 2015. "It has just tested the bottom of its four-year downtrend channel, making upside risk the most likely scenario. Our technical analysts also warn about a reduction in bearish momentum," SocGen… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.