Australian Dollar Trading OUTLOOK
AUX (USD/AUD): further USD decline expected
Pivot: 95.00
Our forecast: Down move towards 89.15 or even 85.35.
Comment: The pair has validated a rising wedge pattern (bearish pattern) which argues for further decline.
To leverage our Trend Opinion on Australian Dollar, we can use different options :
1. Buy AUX Aug 11 92 PUT
2. Buy AUX Sep 11 92 PUT
3. Buy AUX Sep 11 91.5 PUT
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