HomeFinance NewsFX option expiries on 27 September at 10am New York cut

FX option expiries on 27 September at 10am New York cut

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In the forex market, there are two key levels to be aware of. The first is for EUR/USD near the 1.0600 mark, which will likely restrict any upward movement in price. Sellers remain dominant, so offers at this level will also play a role in keeping prices below it. This indicates that the market is currently in a bearish trend.

Another important level to watch is NZD/USD at 0.5945, which could attract significant price action. However, if risk appetite decreases later on, it will be difficult for the pair to maintain these levels as they do not hold much technical significance. This suggests that traders should be cautious when trading this particular currency pair.

For more in-depth information on how to interpret and utilize these levels in trading, you can refer to a post that provides valuable insights on option contracts and their impact in the forex market. It is always beneficial to enhance one’s knowledge and understanding of the market mechanisms to make informed trading decisions.

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