The option for today is a series of articles about binary options in cooperation with uTrader broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
As a consequence of the declines from the beginning of the week, AUDNZD crossed the upward trend line yesterday, which we tested today from below (as a resistance). There was a bearish reaction. Taking into account that this level coincided with technical resistance, in the near future we expect we could continue the declines. In short term, therefore, it is worth considering the PUT option on this instrument.
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