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 result of the ongoing from July declines, price of the NZDUSD on 20 October broke the bottom of the two-year growth channel. Later declines reached vicinity of this year’s minimum, where the demand response appeared.
Looking at the 4-hour chart, we note that the course has been moving for a week calmly north. As a result of these increases, market reached the local resistance, where today a supply reaction occurred. A permanent rejection of this zone could open the way to further declines. In the short term, therefore, it is worth considering a PUT option on this instrument.
You should take into account investing today in currency pairs and markets correlated with the USD, the planned at 1:30 pm NFP publications, ie changes in employment in the non-agricultural sectors of the United States. The consensus is 303,000. against -40 ths. previously. If the publication is consistent with forecasts, we should see USD appreciation and, consequently, NZDUSD declines.
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