We favor digital puts or 1×1 put spreads to express our view that AUD will resume its slide. We recommend buying three-month AUDUSD 0.855 digital puts, indicatively offered at 15.00% of the desired AUD payout (spot ref: 0.9101). If AUDUSD trades below 0.855 at expiry, the investor gets 100% of the payout. The loss on the trade is limited to the upfront premium.
