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.
AUDNZD due to ongoing since the beginning of the month dynamic growth reached today vicinity of an important resistance 1.0750 coinciding with measuring of 50% Fibonacci correction of earlier declines. In the past, this level repeatedly refrained buyers from further increases and it is worth mentioning that, since May 2016 year it has not even once been permanently defeated. In the near future we can expect, therefore, the appearance of supply response, and at least a downward correction. This scenario also supports the current situation in Stochastic oscillator, where we can observe a significant overbuy.
Looking on H4 chart we see that the potential drop could reach even around the level of 1.0555. Given such considerable range both in the short and somewhat longer term, consider PUT option on this instrument.
BDSwiss offers a 70% return. If you win, this is how much you will earn. If you lose, you never lose more than you bet. You can also choose other options expiration time, both in the shorter and longer term.