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AUD/USD Put Signal 21 Oct 2015

Signal details
Entry Price: 
0.7230
Close Price: 
0.7212
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
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The AUD/USD has been slowly trending lower in the aftermath of some worries about the Australian economy triggered by another bout of uncertainty in exports. As the Chinese economy is making a switch to a more service sector based economy, Australian mining is not likely to recover to its former glory.

The AUD/USD traders should continue playing the put side of the trade and explore new opportunities on every rally today. The latest decline almost reached 0.7200 before spiking back higher to 0.7220 as of writing. If we see 0.7230 we would be buying daily puts for tonight's expiry.

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.