The pair AUD/USD can reverse and begin to decline.
The last week the Aussie is trading under the influence of secondary factors.
Today, the publication of the US GDP data will be the main event.
The US will publish the 2nd quarter GDP data. The forecast is 1.3% against 1.1% in the 2nd assessment. The August pending home sales is expected at 0.3% against the previous 1.3%.
BHP Billiton made an emergency stop at the mine Olympic - Dam, which accounts for 13% of the total volume of the company. The growth of the oil price also looks uncertain. The price of iron ore didn’t respond to the rise of oil. It declined by 0.07% to 56.74 dollars per ton. However, non-ferrous metals industry is in a steady uptrend.
How to trade binary
We would buy Put options if the Aussie is below 0.7645. We would buy Call options if the pair AUD/USD rises above 0.7712.
Expiry time: 20: 00GMT