Decent size interest at 81.50 helping to cap core-pair rallies 26 March
As per my usual option update post we have AUD 480m rolling off at 81.50. That's a decent size amount for the smaller AUD liquidity and as I warned in the post it's playing out on AUDUSD.
Now back down to 0.7719 from 0.7745 as AUDJPY caps above 81.40 with decent sell interest at 0.7750. Some general USD demand helping to push down some core pairs inc AUDUSD but USDJPY running into its own sell interest between 105.20-30 that I've highlighted a few times since Friday. That's adding to some general supply into yen pairs too and reversing some of Europe's gains. Similarly there is option related support at 105.00 too.
Expiry today is now 15.00 UK time (GMT+1) for those who take that as their time measure but always 10.00 EST so we're now heading into the final hour and the battle to defend/attack will continue.
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
AUDUSD
