• There are a huge 3.25 billion 0.7900 vanilla FX option expiries Fri Feb. 26

• Related hedging flows will often draw price toward strike as expiry nears

• Same flows can add to any support/resistance. 0.7908 was new cycle high Mon

• 0.7900 barriers gone, but 0.8000 barriers and triggers much bigger

• Many traders hold RKO options with related triggers at 0.8000 and just above

• They are long vanilla AUD calls - the option to buy AUD/USD at lower levels

• However, if triggers hit before expiry, the options are dead nL1N2KM0NW

  
  

  
  

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