NZD/USD – H4 chart shows a downward trend lasting from the end of July. Recently price respects the trend line at which each other high is set slightly lower. After recent growth, the price slowed down at the line where a small consolidation occurred. If the trend continues, the price should head to lower levels. In this context, consider PUT option.
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CAD/JPY – H4 chart indicates a bullish trend. Since the beginning of August we have a fairly clear set of increasingly higher extremes. Currently, a large correction, which is comparable to the previous one, reached the level of support. This seems that we can expect reaction of buyers. If this happens and the local low in the support area is set, it will be worth considering CALL option.
