AUD/CHF – as a result of yesterday’s dynamic gains, market reached local resistance where today a strong supply response has emerged. Rejection of this level makes us expect continuation of declines in near future. In the short term, therefore, it is useful to consider PUT options on this instrument.
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NZD/CAD – As a result of long lasting declines, market reached bullish trend line, where last Friday we saw first demand reaction. We can notice that since then (on H4 chart) market has moved quietly north. From a technical point of view, these increases could even reach the lower limit of earlier consolidation. So in the short term, you should consider CALL option on this instrument.
