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.
As a result of a downtrend, AUDUSD has overcome extremely important support at 0.7500 level. Since yesterday market is moving quietly north, creating a bullish correction. In near future we expect the pair to be able to re-test local resistance at 0.7490, which rejection could signal continuation of declines. It is worth noting, however, that there was already supply reaction close to downward trend line. In short term, therefore, it is worth considering PUT option on this instrument.
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