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.
This week, once again, after the April’s meeting in Doha, OPEC members gathered to discuss the current situation on the oil market. Yesterday we had known the effects of the three-day meeting in Algeria, which was without any agreement.
For this reason the USDCAD dropped yesterday evening. Dynamic declines defeated the support level at 1.3127 without any hesitation. From early morning the market moves to the north in upward correction which is a rebound after yesterday’s declines.
The strong demand response giving a potential signal to open the PUT option we could expect in the resistance zone between 1.3126 and 38.2% Fibonacci correction of yesterday’s declines. The divergence which is forming in the Stochastic oscillator would be an additional confirmation. 
The continuation of declines is supported by the current situation on the daily chart. The market has rejected the important resistance zone coinciding with the lower bound of the triangle again. 
BDSwiss, offers a 79% return in the option. If you win, it will be a greater percentage of your earnings from invested rates. 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.
