USDJPY
EURUSD
AUDUSD
FX option expiries for 13 January 10am New York cut
Key Takeaways (30s Read)
AUD/USD nears the 0.6700 option expiry level, with the market steady for now.
On January 13, a notable FX option expiry is focused on the 0.6700 level for AUD/USD. The pair is relatively stable today as the dollar steadies after a slight drop. Trump's comments on Fed independence have not significantly affected market pricing, with expectations that the Fed will maintain its current stance until Powell leaves. The expiries are positioned near the convergence of the 100 and 200-hour moving averages at 0.6703-06, potentially offering support for the pair during the session. A drop below this level may attract sellers, leading to a consolidation of the recent uptrend since late November. These expiries could act as a magnet as traders await the upcoming US CPI report for further direction.
AI Analyst
AI Opinion
"The upcoming movements in AUD/USD are likely to be influenced notably by the option expiry around 0.6700, which serves as a psychological level. Its proximity to the 100 and 200-hour moving averages suggests it might provide support for the pair. However, with the US CPI report looming, market conviction appears to be waning, which may lead traders to hesitate in taking decisive actions. This situation could result in short-term volatility, while longer-term dynamics will hinge greatly on the Fed's stance. Observing forthcoming announcements will be crucial for strategizing."
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