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AUD/USD Put Signal 04 Dec 2015

Signal details
Entry Price: 
0.7330
Close Price: 
0.7336
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
3.5/5 of 3 ratings

The AUD/USD is rebounding after hitting daily lows close to 0.7280. We are seeing the pair going even higher as the non-farm payrolls report which came out at 211,000 has been fully priced into the market. The outcome from the Federal Reserve's meeting in less than two weeks time has also been widely priced into the market.

We were looking to buy daily calls at 0.7320 in case the pair touches the level again. At the same time, more aggressive players could try to by daily calls from levels around 0.7330. In any case we don't see much reason for the U.S. dollar to rally, and the AUD/USD to drop back lower for now.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.