Option for today is an analysis cycle for binary options in cooperation with BDSwiss broker. Every day we present the best PUT or CALL options for a selected financial instrument along with its current technical analysis.
NZDUSD has been moving south from the beginning of the week, resulting in a daily bearish pin-bar that could drag market down. Looking on H1 chart, we can see slow growth since midnight.
The appreciation may turn out to be only a short-term correction, and in near future we expect to be able to test local resistance zone coinciding with a 38.2% Fibonacci abolition. Rejection of this level could be a signal for continuation of declines. If this happens, in short term you will want to consider PUT option on this instrument.
BDSwiss, offers 71% return on options. If you win, the greater will be the percentage of your earnings from invested stake. If you lose, regardless of the size of the defeat, you will never lose more than you bet. You can also choose other expiration hours for options, both shorter and longer.
