Option for today is a series of analyses for binary options in cooperation with the BDSwiss broker. Every day we present the best options PUT or CALL for the selected financial instrument with its current technical analysis.
USDCAD after more than a two day rally, yesterday afternoon after a strong bullish impulse broke local resistance 1.3171. Throughout the night market moved in a downward correction to reach this morning and re-test that level (this time as a support). If in the near future we beat yesterday’s highs, then we could consider playing a CALL option on this instrument.
BDSwiss offers a 79% return if the option. If you win, this is how much you will earn. If you lose, you never lose more than you bet. You can also choose other options expiration time, both in the shorter and longer term.