Yesterday the pair AUD/USD almost repeated the dynamics of the pair GBP/USD.
The Aussie, as well as the Cable, fell against the dollar. But after rumors about a possible postponement of the referendum date the pair reversed. The only difference between AUD/USD and GBP/USD is the narrow range.
Yesterday's data showed the unemployment rate at 5.7%. The number of employees increased by 17.9K against the expectations 15K. However, the rate of working-age population either working or looking for work has not increased compared to the forecast (64.8% against 64.9%).
Today, the US is to publish data on building permits, which suggests the growth.It seems that the pair AUD/USD is also trading in its range 0.7360-0.7420.
How to trade
We would buy put options if the pair falls below 0.7360.
Target price: 0.7360
Expiry time: 20:00 GMT