AUDUSD in focus with large option expiries in play

Author: Mike Paterson | Category: Forex Orders

Yes folks, it's that option-related interest playing out again 13 Feb

Further to regular daily update here's another heads up that we have large AUDUSD option expiries between 0.7850-60.

We've seen the sell-side interest cap at 0.7870 earlier helped by some AUDJPY supply and now seemingly we're having another drive lower as 15.00 GMT looms ever closer. No noticeable USD demand elsewhere.

Currently 0.7833 with losses accelerated through 0.7850. Some more bids/support at 0.7820 so we still have time to see a rebound but looks like sell-side winning the battle atm

Remember these are vanilla options and in play right up until expiry even if breached in the meantime unlike barrier options which cease to be once broken.

For more info on how to use this all data, please refer to my post here.