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AUD/USD Put Signal 30 Oct 2015

Signal details
Entry Price: 
0.7095
Close Price: 
0.7133
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
4.8/5 of 4 ratings

The AUD/USD has attempted to rally in the morning after somewhat solid producer price inflation from Australia, but the figures weren't enough to sustain the move. Into the New York open the pair was changing hands around 0.7110 before the somewhat disappointing U.S. data.

Into the close of the trading day we expect that the AUD/USD will settle lower, due to solid data expected from the U.S. in the second round of releases today. The Chicago PMI and consumer confidence should bode well for the U.S dollar, this is why we are buying daily puts on this pair at 0.7095.

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.