Option for today is an analysis series for binary options in cooperation with BDSwiss broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
As a result of growth lasting from beginning of June this year AUDJPY crossed resistance zone at 85.50 level. After a three-day correction, from Friday, we are seeing growth again and as long as this trend continues we expect pair to be able to test again vicinity of 88.00.
Looking at H1 chart, we see that market tonight has also breached local resistance at 86.92. Its re-test and rejection could be an interesting signal for long positions. So in short term, you should consider CALL option on this instrument.
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