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Mar 21 - 06:55 AM

AUD/USD - Within Strike Of Big 0.63 Option Expiry

By Robert Howard  —  Mar 21 - 05:12 AM

• A large 0.6300 option expiry is helping to anchor AUD/USD

• The size of the strike for the 10am ET NY cut is A$1 billion

• 0.6271 was Thursday's one-week low, as risk aversion hurt AUD

• Stop-loss sell orders tipped below 0.6260 (0.6259 = March 11 low)

• Australian Feb inflation data due next week (March 26); 2.5% forecast

AUDUSD


(Robert Howard is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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