AC_chart 05.12AUD/CAD H1 chart shows that price moves in a downtrend. Currently there is ongoing correction, during which the nearest resistance and trend line are being tested. It seems that AUD weakness should continue – so in the nearest future we should count on further losses.

Place on the chart may be suitable to end current correction and buy PUT options.

AC_screen 05.12

OptionTrade offers 75% return for AUD/CAD option. E.g. when you invest 100USD in PUT option (DOWN) and the price will be even slightly lower than in the point when you bought the option, OptionTrade pays you 175USD. If the price is higher, you will lose invested money. But you need to remember, that you cannot forfeit more than you trade. Open your account now!

Leave us a comment!

Ransquawk