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.
USD/CAD – H4 chart shows a good symmetry, already third downward movement reaches similar range and at similar time intervals next low appears at the line joining the previous lows. It seems that after strong decreases, which as seen were nearly the same as the previous two such moves, pair should initiate a correction.
The last few candles point to such a scenario, also lower volatility due to absence of Americans on the market (holidays), can support such a correctional movement. So consider CALL option.
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