By Richard Pace — Aug 28 - 04:45 AM
AUD/USD heavy with other G10 currencies vs USD, but faces huge options
There's a massive A$2.4-billion 0.6410 strike expiry 10-am New York Monday
Also 1.6-billion 0.6420-30 Monday, While Tuesday has A$1.2-billion at 0.6400
Related cash hedging flows might help keep AUD/USD near strikes pre expiry
However, China concerns and firmer USD should maintain AUD/USD pressure
0.6380 was Fri's low, 17 Aug and 2023 low 0.6365 remains vulnerable
Break opens Nov 3 0.6273, Resistance at 24 Aug recovery high 0.6488
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary