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25 August; AUDUSD Call Option expiring 29 July 2016

I am still a strong believer in the Australia economy and the Aussie Dollar.  I believe the economy will turn around next year and that the current levels will be a thing of the past.

I decided to buy a plain vanilla call option, strike ATM spot with the following details: –

Spot 0.7140

Premium: 280

Breakeven: 0.7420

Expiry: 29 July 2016

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