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Call Options Preferred for AUDUSD on A Small Chance of Brexit -

Jun, 20th 06:38

AUDUSD

The Aussie has surged on Monday, supported by opinion polling in the UK suggesting a decent chance of Brexit on Thursday and further strength in Chinese housing data reported over the weekend. Only 38% respondents of the ComRes poll on Saturday voted for Britain to leave the EU, compared with 45% before the murder of lawmaker Jo Cox. Chinese new home price data for May released on Saturday revealed that prices gained 6.9% compared to a year earlier, higher than the 6.2% rise reported in the year to April. As a result, the commodity-reliant Aussie gained significantly this morning, rising to as high as 0.74413. It is anticipated to test the 2-week high of 0.74633.

Trade suggestion

Buy Digital Call Option from 0.74416 to 0.74633 valid until 20:00 June 24, 2016

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