FX & CFD trading involves significant risk
"We forecast that the AUD will peak at USD 0.78 in Q3 2016. While our forecasts show a gradual depreciation from there, we expect that AUD will trade with some volatility in a USD0.70- 0.78 range before breaking lower in the latter half of 2017.
Given the uncertain nature of the timing of the depreciation, the current low level of volatility, and the skew present in the risk reversal, we recommend using options to capture this range. We recommend buying a 6 month AUD/USD0.74/0.71 put spread and selling a 6 month AUD/USD0.80 call at an indicative rate of AUD 24 pips".
Copyright © 2016 ANZ, eFXnews™
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.