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.

USDCAD from the second half of October was moving in a horizontal trend. As a result of declines lasting from last week, yesterday the market broke down from this consolidation. In the near future, we could expect continuation of this trend. In the short term, therefore, it is worth considering PUT options on this instrument.

USDCAD on TradingView

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