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.
USDCAD has been moving in a relatively broad consolidation for a long time. As a result of Monday’s rally, the market reached the level of 1.2905, which was the upper limit of this box, where yesterday afternoon was a supply reaction. Permanent rejection of this zone could open the way to recession. In the short term, therefore, it is worth considering the PUT option on this instrument.
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