Currency option expires 27 February 10:00 New York outage


As highlighted before, there are a few things to note for the day. bold.

The first is at 1.0850-65 for EUR/USD, which could indicate price action could be stickier in the coming session. Offers lined up at 1.0900 are also likely to maintain the upside momentum for now.

Next, there is a move towards the 150.00 level for USD/JPY, which will help limit the downside pressure on the day. Bond market sentiment will also affect the equation here, but so far the parity is comfortably above the figure level.

GBP/USD is also due today at 1.2643-50 but these shouldn’t factor into the equation too much. The pair continues to hold above the 100-hour moving average, currently seen at 1.2660, which is the most important level to watch in the near term.

Finally, there are some big moves in AUD/USD around 0.6600, which should limit upside moves later in the day. In any case, the intersection of the 100- and 200-day moving averages at 0.6551-60 will also limit any upside for now.

For more information on how to use this data, you can refer to the article here.

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