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.
NZDUSD has been quietly moving north for a long time. These increases were within the channel, from which already on Friday the market broke down. After a slight correction, we saw today a re-test of the lower limit of this formation, where a supply response occurred. In the near future we would expect continuation of the declines. In short term, consider PUT option on this instrument.
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