There are a couple to take note of on the day, as highlighted in bold.
The first one is for EUR/USD at the 1.1200 level. That might act as a bit of a magnet in trapping price action in between its key hourly moving averages in the session ahead at least. That especially after the upside run yesterday stalled at the 200-hour moving average. The key technical level is seen at 1.1249 currently with the 100-hour moving average seen at 1.1180.
Then, there is one for AUD/USD at the 0.6475 level. It isn't one that ties to any technical significance with the pair struggling to get above 0.6500 in the bigger picture for the time being. So, the figure level takes on more importance in terms of limiting upside for the pair at this current point in time. The expiries should have negligible impact but could offer to hold upside during the session at best.
And lastly, there is one for NZD/USD at the 0.5880 level. That rests nearby the 200-day moving average of 0.5880 and might offer to keep price action stickier in the session ahead. The lows earlier in the week around 0.5850 will act as a secondary layer of short-term support. But trading sentiment will continue to be largely dictated by risk flows and dollar sentiment still.
For more information on how to use this data, you may refer to this post here.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( FX option expiries for 15 May 10am New York cut )
Also on site :
- She escaped an avalanche and became the first woman to summit Everest. Today, few remember her name
- Metal Ions: The Next Frontier in Diabetes Management?
- Germany could reintroduce military draft – defense minister