FX option expiries for 7 March 10am New York cut

There are a couple to take note of on the day, as highlighted in bold.

The first ones are for USD/CAD at the 1.4350-60 levels. They don’t offer much of any technical significance, with the confluence of the 100 and 200-hour moving averages only seen at 1.4378-98 currently. But if anything, the expiries may play a part in limiting any upside moves at least until we get the barrage of US and Canadian labour market data later.

As for after, it will be about reading between the lines of the data deluge and then perhaps the expiries may also play a role in limiting any price movements before rolling off.

Then, we do have one for AUD/USD at the 0.6300 level. Similarly, it isn’t one that holds any technical significance but the expiries may act as a bit of a magnet at least until we get to US trading and the non-farm payrolls today.

For more information on how to use this data, you may refer to this post here.

This article was written by Justin Low at www.forexlive.com.