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 the steady gains, AUDUSD reached vicinity of local (blue) resistance, where the first supply reaction occurred. Should this zone be permanently discarded, we expect we may see further declines for which the nearest support is around 0.7634, which is the lower limit of the two weeks consolidation. In the short term, therefore, it is worth considering the PUT option on this instrument.
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