October 23, 2024 at 06:25AM
There are a couple to take note of on the day, as highlighted in bold.
The first being for EUR/USD at the 1.0850 level. The size of the expiries is noteworthy but it might not feature too much into play as the dollar is keeping firmer this week. Besides that, there is the 100-hour moving average at 1.0834 keeping a ceiling on price action for now. As such, that could limit the influence and impact of the expiries. But if we do see it come into play, expect that to be a spot in anchoring any upside extensions.
There will be more expiries towards the downside under 1.0800 in the day ahead, so there’s that to consider as well.
Besides that, there is one for AUD/USD at the 0.6670 level. It isn’t one that ties to any technical significance again, but it could just keep price action a little stickier with little else to work with in the session ahead. Near-term upside for the pair is more limited by the 100-hour moving average at 0.6689 currently.
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.
