The option for today is a series of articles about binary options in cooperation with uTrader 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 last week’s gains, AUDCHF broke local resistance at 0.7665 and reached the October highs at 0.7714, where first supply reaction occurred in the morning. A permanent rejection of this zone could open the door to further declines, what is also supported by the fact that the market has not yet tested from above (as support) the already mentioned level 0.7665. In short term, it is therefore worth considering the PUT options on this instrument.
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