USDCAD on the rise with option expiries also in the frame
Another pair in which to note some expiry interest 13 Feb
Further to my AUDUSD post just now it's worth noting too the rally in USDCAD up to 1.2617 with contracts worth USD 360m rolling off at 15.00 GMT as per my daily update
Seems like another option -related battle going on with no obvious USD trend prevailing. USD 360m is enough in this low-liquidity pair to cause an impact if conditions are neutral and so it would appear now after a decent shunt up from 1.2590 but 1.2625 will be defended too. Let's see who wins at the top of the hour.
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.