FX option expiries for 7 May 10am New York cut

Author: Justin Low | Category: Forex Orders

A look at what is on the board for today

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A couple of large ones on the board for today, as highlighted in bold.

There are large ones sandwiching EUR/USD spot price at 1.2030-40 and 1.2100 respectively, so that might keep price action more centered around current levels with the key hourly moving averages @ 1.2032-60 also in play at the moment.

A lot will depend on the US non-farm payrolls report though so there's that to consider.

There is a big one for GBP/USD at 1.3900 which could act as a bit of a supportive magnet alongside the key hourly moving averages @ 1.3891-98.

Meanwhile, the large one for AUD/USD could limit spot gains in the session ahead as the 0.7800 level is also a key resistance point on the daily.

For more information on how to use this data, you may refer to this post here.

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