There are a couple to take note of on the day, as highlighted in bold below.
The first ones are for EUR/USD at the 1.1400 and 1.1475-90 levels. The pair continues to suffer from the fallout of the US-EU trade deal alongside a stronger dollar in general as Trump looks to be following through on higher tariffs. All of a sudden the TACO script has flipped around with other countries the ones having to try and salvage something.
Circling back to EUR/USD and the expiries above, the ones at 1.1400 might help to keep a floor on price action in the session ahead as traders continue to keep with the recent momentum still. Just keep in mind that we’ll have month-end flows to deal with alongside key US data later before moving on to focus on the non-farm payrolls tomorrow.
Then, there is one for AUD/USD at the 0.6465 level. It isn’t one that ties to any technical significance so I wouldn’t attach too much impact to the expiries for today. The pair is supported by its 100-day moving average at 0.6426 and that’s the more critical level in play at the moment.
For more information on how to use this data, you may refer to this post here.
Head on over to investingLive (formerly ForexLive) to get in on the know!
This article was written by Justin Low at investinglive.com.
