Attached is a daily chart of March Aussie
Dollar (ADH3).
Yesterdays move was significant and represents a longer term policy
shift by the Australian Central Bank. Today's retracement
appears to be an opportunity to establish short interest. I like the ADH3
102.5-102 put spread for an outlay of 16 ticks. Max loss
is 16 ticks or $160 and max gain is 50-16 = 34 ticks or $340. We will have 4 weeks on this trade as it expires on March 8th.
Jim