Today's Australian data can have an impact on the Aussie.
The new home sales fell by 4.7% in April, the company's gross profit decreased by 4.7% in the 1st quarter.
Today, we do not expect the significant movements of the "Aussie" in connection with a non-working day in the United States and the United Kingdom. And after correction, we expect the movement in the range of 0.7070-0.7110.
This week attention is paid to the data on the GDP. It’s expected the decrease from 3.0% to 2.7%.
How to trade
We would buy put options if the pair falls below 0.7160.
Target price: 0.7160
Expiry time: 20:00 GMT