Today, there are two notable expiries in the currency market. Firstly, the EUR/USD pair has an expiry at the 1.0600 mark. This level may not hold much technical importance, but sellers are likely to use it to put up offers. The expiries will add another layer of resistance if there is any back and forth price action during the session. Meanwhile, the expiry for USD/CAD is set at 1.3500, which also lacks significant technical significance. The pair is mostly influenced by its 200-hour moving average at 1.3483, making it a more relevant level to watch out for. Sellers are currently testing below the 200-day moving average at 1.3457, supported by the 1.3400 mark alongside its 100-day moving average nearby.
These expiries offer additional areas of interest for traders to monitor during the session. While the EUR/USD’s expiry at 1.0600 may not have a strong impact, it may still attract sellers and exert some influence on price movements. Similarly, the expiry at 1.3500 for USD/CAD may not hold much technical significance, but traders should keep an eye on the pair’s price action around its 200-hour moving average at 1.3483. Additionally, the ongoing testing below the 200-day moving average at 1.3457 reveals sellers’ determination, which is reinforced by the support at the 1.3400 mark and the 100-day moving average. Traders should consider these levels and the potential effect of the expiries while making their market decisions.
For more information on how to interpret and utilize this data effectively, you can visit this post for further guidance. It will provide insights into option contracts and their impact, offering valuable knowledge to traders seeking to trade off these expiries effectively.