AUD/USD – Large option expiries this week: by Milan Cutkovic

  • Large option expiries noted this week, with A$1 billion expiring tomorrow at 0.7740 and A$1.3 billion at 0.78 on Thursday
  • This might help to keep AUD/USD in a range for a while, unless the employment data on Thursday causes a major move in the pair
  • Dealers saw decent bids from 0.77 down to 0.7680 this morning, as well as stops through 0.7670
  • 0.7650 is the next major support level and a break below would then target 0.75

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