AUD/NZD – Large 1.02 expiry today by Milan Cutkovic

A$3.1 billion worth of options will expire today at 1.02 at the NY cut (10:00 EDT), which could keep price close to that level. AUD/NZD rallied overnight after dovish comments from the RBNZ deputy governor, with 1.0240 the high so far. Next major resistance noted at 1.0260 and a break above that level would pave the way for a 1.0340 test. AUD/NZD is currently trading at 1.0228.

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