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 the selected financial instrument with its current technical analysis.
On the USDCAD for last few days we watched as the market fluctuated around the upper limit of the wedge and resistance 1.3285. Yesterday there was a strong reaction to the supply side, which rejects the zone as a result of which we find ourselves below the local up-trend.
At the H4 chart we see even better yesterday’s bearish response and breaking the aforementioned upward trend line. Currently, the market oscillates around 1.3212 support, rejection of this level could be a signal to open the PUT option on this instrument.
Looking again at the above screen showing the situation on the D1 chart, we see that the potential drop could reach even in the vicinity of the lower limit of the wedge.
BDSwiss offers a 76% return if the option. If you win, this is how much you will earn. If you lose, you never lose more than you bet. You can also choose other options expiration time, both in the shorter and longer term.