Currently 0.7845 near session lows
Large interest in vanilla option expiries at 0.7950 today (15.00GMT) that we've been highlighting but it seems the sell-side have already won the battle helped by some ongoing USD demand and soft Aussie wages data. We shouldn't rule out a degree of rally completely though.
0.7880 demand/protection now history and now becomes pivot area. Next line of bids/support at 0.7830 with larger into 0.7800.
Offers: 0.7865 0.7880 0.7900 0.7930 0.7950
Bids: 0.7830 0.7800 0.7780 0.7750
