AUDUSD rallies further with large option expiry interest in play

Author: Mike Paterson | Category: Forex Orders

Session highs of 0.7943 now for AUDUSD 8 Aug

Earlier I posted my daily update on expiries and noted the AUDUSD rally to 0.7931 from 0.7910 and warned a further attempt on 0.7950 could not be ruled out.

Large expiries at 0.7950 in play and with highs of 0.7943 we're back to 0.7935 as the sell-side interest prevails for the moment.

One to keep an eye on as head ever closer to 14.00GMT

                                                      AUDUSD