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AUD/USD Put Signal 25 Feb 2016

Signal details
Entry Price: 
0.7205
Close Price: 
0.7232
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 3 ratings

The AUD/USD has been boosted by broad based risk sentiment this morning in the U.S. after solid durable goods orders reported earlier. The Australian dollar got a boost in the aftermath as risk sentiment has triggered a rally across the board.

We do not see these gains to be sustained, this is why the AUD/USD pair is more likely to go down rather than up at this stage. We are going to buy daily puts on this pair if the price goes to 0.7205 at this stage.

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.