The option for today is an analysis cycle for 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 nightly declines caused by the release of Australia’s trade balance, AUDUSD has overcome local support. It is worth noting that this level now coincides with 38.2% Fibonacci correction from the last downward impulse. So if in near future it would be re-tested and rejected from the bottom (as a resistance), we could expect continuation of declines. In short term, therefore, it is worthwhile to observe this currency pair and to consider PUT option on this instrument.
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