Option for today is a series of analyses for binary options in cooperation with the BDSwiss broker. Every day we present the best options PUT or CALL for selected financial instrument with its current technical analysis.
Currency pair AUDCHF as a result of the ongoing bullish correction on Friday reached today defeated earlier support (now resistance), 0.7750 coinciding with measuring the 50% Fibonacci correction, where there was supply-side response. Persistent rejection of this level would be a signal for continuation of earlier declines. In short term should therefore be considered a PUT option on this instrument.
An additional confirmation for bearish scenario may also be divergence of Stochastic oscillator.
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