FxWirePro: AUD/CAD intensifying downswings attract one touch vega puts
Both daily and weekly charts suggest weakness in the pair as the RSI is a clear downward convergence with the falling prices. The bearish candles have been flooding 2 weeks or so including spinning top, Doji occurred at …
Both daily and weekly charts suggest weakness in the pair as the RSI is a clear downward convergence with the falling prices. The bearish candles have been flooding 2 weeks or so including spinning top, Doji occurred at 0.9601 and 0.9468 respectively. While stochastic still signifies selling pressure as there is no signs of %K line crossover even though curve reaching below 20 levels.
On speculation basis we recommend buying one touch binary vega puts in order to derive maximum leverage benefits. By employing these ATM binary vega puts one can multiply the returns by twice, thrice or even pour returns unimaginably. But do remember this call is strictly on speculative grounds.
The prime merits of such one touch option spreads are high yields during high volatility plays, so one can use spreads as well when IV picks up during US sessions. Wider spreads indicates lack of liquidity. The spreads for one touch AUD/CAD options are constant time and barrier levels. Usually, such binary options for every change in 1 pip the relative change in option price 0.01% or even exponential at high implied volatility times. We all know that the major driving force for loony's depreciation has been dropping global crude prices.
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