Both Intraday and EOD charts signal flaws in this pair that would plunge down upto 0.9452 levels.
The bearish candles have been flooding from last Friday including spinning top and Doji occurred at 0.9493 and 0.9492 respectively.
The RSI oscillator is a clear downward convergence with the steep declining prices.
While strong signs of selling pressure on slow stochastic curve as there is clear %D line crossover above 80 levels which is a overbought zone.
We reckon that current spot FX slipping below 10DMA that would drag more slumps up to 0.9452 areas.
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.
