There are a couple to take note of on the day, as highlighted in bold.
The first ones are for EUR/USD at the 1.1350 and 1.1400 levels. The expiries might play a part in keeping price action more limited, at least before we get to US trading later. They don't tie much to any technical significance, though the key near-term moving averages are nearby at 1.1356-67 currently.
But as seen throughout the week so far, dollar sentiment and headline risks are the bigger factors at play. The former isn't seeing much impact today after the greenback recovered some ground following the drop on Monday. Some pushing and pulling essentially.
Then, there's one for USD/CAD at the 1.3750 level. The key hourly moving averages sit nearby at 1.3756-67 so the expiries adds another layer to keep any upside in check during the session ahead at least. That as the near-term levels above helped to arrest the upside on Thursday and Friday last week.
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
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