EUR/USD expiries are at the 1.1500 and 1.1525 levels. The currency pair is close to April’s highs, aiming to break past the 1.1500 point. These expiries might influence movements temporarily, but there’s still uncertainty because of potential US policy changes impacting the dollar’s strength. AUD/USD has an expiry at the 0.6500 level, which is likely to keep the pair around this mark. Buyers are struggling to exceed this level, and this trend is expected to continue. For more guidance on how to use this data, further information is available online. The first part focuses on key expiry levels for two major currency pairs, which act as zones where price tends to group together. These levels can draw price movement, especially around New York option cut-offs, as larger players consolidate their positions. For the euro-dollar pair, the expiries at both 1.1500 and 1.1525 highlight the importance of this range. The price action, which is close to April’s multi-month highs, shows a bullish trend but with caution. Large expiries within this range create a tug-of-war, keeping the price within a narrow area as big contracts settle. Meanwhile, shifts in US monetary expectations add volatility, making it challenging to move above 1.1500. For the Australian dollar, the situation is similar but more stable. The expiry near 0.6500 acts as a barrier, slowing any upward movement. Buyers don’t have the momentum to maintain strength above this level. Each attempt to rise is met with resistance, indicating broader caution. This isn’t just about expiry pull; market sentiment is heavy, likely due to larger economic uncertainties or local factors affecting risk appetite. What can we do with this information? We should closely monitor price movements during the European and early US trading sessions, especially within 50 pips of the expiry levels mentioned. If volatility increases and prices start to respect these zones, it suggests that options are influencing the market more than standard trading flows. This changes how we must think about these levels by focusing on timing and rollover costs rather than traditional support and resistance. In our experience, the hours leading up to the New York option cut reveal the real impact of listed expiries. If prices stay close to a level or move around it without clear volume confirmation, the expiry is effectively holding direction. Any breakout that happens well after the expiry should be considered independent of earlier movements and not assumed to be supported by expiry book flows. Always align your bias with confirmation, not expectation.

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