The Australian dollar has changed the direction.
Yesterday, the Aussie repeated the dynamics of the Cable and was able to reach the mark of 0.7657. Today, however, it shows a sharp decline during the Asian session.
The pair got the pressure after the publication of data on the Westpac Index Sentiment, which decreased by 3% compared to the previous decline by 1%.
However, the Aussie continues to receive external support in the form of rising ore prices ($57), copper, silver. The WTI oil added 4.71% yesterday.
But today, all available support for the Australian currency may disappear after data on China's trade balance. The forecast is pessimistic: decline from 50.0 billion dollars to 46.0 billion dollars.
The Australian dollar is quite able to continue the growth to 0.7690, but if the Chinese Trade Balance is really weak, the "Aussie" may decline to 0.7500.
How to trade
We would buy call options if the pair rises above 0.7626. We would buy put options if the pair falls below 0.7565.
Expiry time: 20:00 GMT