AUD,NZD/Flows and Orders/FXWW News

AUD/USD: Large option expiries driving end-of-week sentiment

  • AUD/USD failed again near .8980 after the RBA policy statement;
  • 2 billion expiry later tonight at .8940 and another 1 billion at .8900 ensured that the sellers didn’t wait too long;
  • We can expect the market to remain range-bound until these options roll off.

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