On daily charts of AUD/USD, RSI (14) evidences a falling price convergence at 43.8394; downward momentum has been observed from last a week or so.Hanging man pattern candlestick occurred two days ago followed by long real body bear candle.Selling pressure is mounting as the %D line crossover at 43.8260 on slow stochastic curve.Overbought pressure seen as crossover of the MACD line below slower line on MACD.The pair has declined to the lows of 0.7683 and is currently trading at 0.7692. As a whole the weaker trend is intact so far.On upside any breach above 0.7720 will target 0.7810 or even 0.7825 levels.Currency Option Roundup: AUD/USDBuying binary puts of this pair may fetch around 25-30 pips with ease and instantly.On short to medium term hedging grounds, we advocate bear put spreads with combined -0.45 delta and theta should be close to zero.Buy (1%) In-The-Money -0.72 delta puts, simultaneously short (-1%) Out-Of-The-Money put with positive theta values.
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