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Feb 22 - 04:55 AM

AUD/USD - 0.7900 And 0.8000 Can Have Big Effect On AUD/USD

By Richard Pace  —  Feb 22 - 02:41 AM
  • 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



For more click on FXBUZ


AUD=D3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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