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AUD/USD Put Signal 24 June 2016

Signal details
Entry Price: 
0.7485
Close Price: 
0.7447
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
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The AUD/USD has been amongst the pairs that have rallied the most since hitting a bottom earlier in the trading session, and in the case of the Australian dollar mostly during the close of Asia and the opening of the European markets. The scale of the move is not comparable to the GBP/USD, but nevertheless impressive.

We would be buying daily puts on the AUD/USD pair on approach towards the 0.7485 level. This was a key support turned into resistance after the slump during the Asian trading session that has ratcheted markets across the globe brought havoc to global markets earlier today.

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.