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AUDUSD BINARY CALL OPTION – JANUARY 27TH 2015

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By: Adam Stone
January 27th, 2015 5:45am GMT, London UKToday’s Binary Options Trading Strategy:

• Currency Pair: AUDUSD
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 0.7925
• Upside Potential: The upside potential for this binary call option is 370 pips to 0.8295
• Downside Potential: The downside potential for this binary call option is 125 pips to 0.7800

The AUDUSD is trying to stabilize and form a new horizontal support level after its corrective phase took this currency pair from its intra-day high of 0.8295 which it reached on January 15th 2015 to its intra-day low of 0.7858 which it reached yesterday on January 26th 2015. This intra-day low defines the low end of its new horizontal support level while the bounce higher created the top end of it with an intra-day high of 0.7927 which was also reached yesterday on January 26th 2015.

jan272015

Price action is currently trading sideways inside its new horizontal support level and selling pressure is fading away. The AUDUSD is expected to take the upward momentum generated by its drift higher for a breakout and accelerated move back into its horizontal resistance level. Binary options traders can profit from the anticipated breakout with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 0.7925 for a risk/reward ratio of 1.0/2.96.

Volatility has been deflated during the corrective phase, but the formation of the new horizontal support level is expected to result in a sharp increase in volatility. Sellers are likely to attempt a breakdown in order to extend the corrective phase while buyers are expected to step in and defend the newly formed horizontal support level. Given the reduced selling pressure and the increase in upward pressure the AUDUSD is favored to breakout and revers recent losses.

The AUDUSD will face its first resistance level at its intra-day low of 0.8032 which was reached on January 7th 2015. This level represents the low reached during a previous corrective phase from where this currency pair launched a reversal. A breakout above this level will take the AUDUSD to its next resistance level at its intra-day high of 0.8136 which was reached on January 22nd 2015. This level marks the previous high before this currency pair was pressured into its most recent intra-day low. The final resistance level awaits the AUDUSD at its intra-day high of 0.8295 which was recorded on January 15th 2015.

The following economic data out of Australia already impacted the base currency, the Australian Dollar, of the AUDUSD currency pair:
NAB Business Confidence & Conditions for the month of December:

• Expectations: NAB Business Confidence was expected at 0 for December, NAB Business Conditions at 4
• Previous Report’s Data: NAB Business Confidence was reported at 1 in November, NAB Business Conditions at 5
• Released Data: NAB Business Confidence was reported at 2 in December, NAB Business Conditions at 4
• Impact on the Australian Dollar: The better than expected reading on NAB Business Confidence & Conditions has lifted the Australian Dollar; this favors binary call options in the AUDUSD currency pair

In addition the following economic report out of the United States is expected to impact the quote currency, the US Dollar, of the AUDUSD currency pair:
Durable Goods Orders for the month of December:

• Expectations: An increase of 0.5% is expected for the month of December
• Previous Report’s Data: A contraction of 0.9% was reported for the month of November
• Impact on the US Dollar: The expected increase in durable goods orders may not suffice to apply upward pressure on the US Dollar which favors binary call options in the AUDUSD currency pair

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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