• DTCC data shows a massive 0.6900 AUD/USD option expiry for 10-am NY cut Fri

• Those trading AUD volatility will neutralise exposure to AUD/USD with cash

• That cash hedging can often draw the FX spot toward the strike at expiry

• Bigger strikes suggest more cash hedging and tighter spot ranges ahead

• AUD/USD trades tight 0.6908-33 so far Friday - Option strike underpins

• Big Fibo support below - Bulls might consider cheap AUD call options

  
  

  
  

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