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GrowBinary - Market Analysis and News - 23rd Sept, 2015
By GrowBinary Research & Analysis Team
AUD/USD to be pushed lower on downside momentum
The pair is going down for a few days now and most probably we expect the bottom around 0.6900/20 to be tested pretty soon. Therefore freefall should continue leaving S1 and S2 Pivot levels as resistance/support levels behind.
We recommend to buy PUT options with at least couple hours expiry- the closer to 0.7040/50 the better. Below 0.7000 (Pivot S2) PUT options become bit more risky losing on probability. For trading between S2 and S3 please consider very short term options (i.e. 5-15 minutes).
For more in depth Research & Analysis please visit GrowBinary.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
By GrowBinary Research & Analysis Team
AUD/USD to be pushed lower on downside momentum
The pair is going down for a few days now and most probably we expect the bottom around 0.6900/20 to be tested pretty soon. Therefore freefall should continue leaving S1 and S2 Pivot levels as resistance/support levels behind.
We recommend to buy PUT options with at least couple hours expiry- the closer to 0.7040/50 the better. Below 0.7000 (Pivot S2) PUT options become bit more risky losing on probability. For trading between S2 and S3 please consider very short term options (i.e. 5-15 minutes).
For more in depth Research & Analysis please visit GrowBinary.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.