Large AUDUSD option expiries today cast a shadow

We've got large AUDUSD option contracts rolling off nearby today 28 July

I highlighted the AUD 2.9bln at 0.7500 in my earlier post and I would say from the price action the net impact is one of support making the most of the USD supply since the FOMC.

However as we find a bit of general USD demand again the pair is back in range at 0.0.7527 having capped at the 0.7550 offers/res I also highlighted in the order board post.

Remember that these are "vanilla" options so still in play right up to expiry at 14.00 GMT on the day even if breached in the meantime, unlike barrier options.

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