FXO 27-05

There are a couple to take note of on the day, as highlighted in bold.

The first ones are for EUR/USD at the 1.1380 and 1.1400 level. The expiries should act as a magnet, especially the latter, in keeping price action in a stickier spot in the session ahead. That especially with a lack of fresh developments since the Trump tariffs delay news yesterday. So, we could end up seeing price action hold closer in and around the figure level before the expiries roll off later.

Then, there is one for AUD/USD at the 0.6510 level. The pair tried for an upside break above 0.6500 yesterday but ultimately failed again, with the daily close coming under the figure level. That keeps the 0.6500 mark as a key resistance point and the expiries above will just add another layer to that for the session ahead alongside the 100-week moving average at 0.6513.

For more information on how to use this data, you may refer to this post here.

Source: Forex Live