The Aussie is traded in the range of 0.7600 -0.7680 range. However, we don’t exclude the downward movement in near future.
The Aussie gets support thanks to the internal data. The number of building approvals fell by 1.8% vs. the forecast of -7.0% in August.
Yesterday's decision of the RBA was not a surprise. The rate was maintained at 1.50%.
Today, the August retail sales data showed better than expected: 0.4% vs. 0.2%. The AIG index showed an increase from 45.0 to 48.9.
Tomorrow, Australia will publish the data on trade balance for August, which is expected to reduce the deficit, from -2.41 billion to -2.32 billion.
The Non-farm employment change from ADP is expected at 166K against the previous 177K.
The factory orders for August are expected to decline. The ISM Non-Manufacturing PMI is projected to rise from 51.4 to 53.0. The US trade balance may show a slight improvement: -39.30 billion vs. -39.5 billion in July.
How to trade binary
We would buy Put options from the current level: 0.7618
Expiry time: 20:00 GMT