Currency pair AUD/CAD moves since yesterday in a downward channel, and is now around its upper limit. If that restriction is effectively broken it seems that the closure should be above current levels.
However, if the exchange rate moved further in the channel, the bears will have to face support near the 0.9895 level. Possible closure at this level could indicate that today the closure will be even lower.
Therefore, depending on how the situation will look like in the next few hours of trading, to consider the option on the rise (CALL) in case of an effective breakout, or PUT option if the price will remain between the lines of the channel.
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