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By: Adam Stone
September 19th 2014 5:27am GMT, London UK
Today’s Binary Options Trading Strategy:

• Currency Pair: NZDUSD
• Timeframe: H4 (Hourly Chart)
• Binary Option Trading Recommendation: Seek binary call options on dips below 0.8140
• Upside Potential: The upside potential for this binary call option is 210 pips to 0.8350
• Downside Potential: The downside potential for this binary call option is 70 pips to 0.8070

The NZDUSD has endured a prolonged corrective phase which was initiated after this currency pair reached an intra-day high of 0.8407 on August 28th 2014 while the downward move may have reached its end with an intra-day low of 0.8077 on September 17th 2014. GDP data for the second-quarter out of New Zealand came in strong than economist expected which is favorable for the New Zealand Dollar; a continued move higher after the bounce off of its intra-day low is anticipated.

Price action has caught an upward drift after what may have been a capitulation low and has recorded a series of higher lows and higher highs which are expected to continue as the uptrend matures. Binary options traders can profit from the expected acceleration upwards with binary call options. Today’s binary options trading strategy suggests call options to be placed on dips below 0.8140 for a risk/reward ratio of 1.0/2.86.

Binary options trading on the NZDUSD 2014-9-19

The drop which resulted in the capitulation low was a direct result of the US Fed press conference and has quickly reversed as traders direct their focus to the underlying economic strength of the New Zealand Dollar. The current upward rift is expected to push the NZDUSD back above its former support line which currently acts as a minor resistance level. A breakout is expected to further accelerate the move higher which favors binary call options in the NZDUSD currency pair.

The first major resistance level for the expected rally in the NZDUSD after a breakout above its current support/resistance level awaits this currency pair at 0.8229 which is an intra-day high reached on September 16th 2014 before the final step lower in the corrective phase led to the capitulation from where the upward drift emerged. A breakout above this level will clear the path to the 0.8269 level which is an intra-day low reached on September 5th 2014 while the final resistance level is located at 0.8350.

The following economic data out of New Zealand already impacted the base currency, the New Zealand Dollar, of the NZDUSD currency pair:

ANZ Consumer Confidence for the month of September:

• Expectations: A monthly increase of 0.5% is expected for September
• Previous Month’s Data: A decrease of 5.4% was reported in August
• Released Data: A monthly increase of 1.8% was reported for September

• Impact on the New Zealand Dollar: The increase in New Zealand consumer confidence for September provided an additional boots to the
New Zealand Dollar; this favors binary call options in the NZDUSD 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 NZDUSD currency pair:

Leading Indicators for the month of August:

• Expectations: A monthly increase of 0.4% is expected for the month of August
• Previous Month’s Data: A monthly increase of 0.9% was reported in July
• Impact on the US Dollar: The expected slowdown could exercise downward pressure on the US Dollar which favors binary call options in the NZDUSD 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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