There are some great stocks on the board today but they may not be activated given the current spot price levels.
The EUR/USD pair is at 1.1000, but with the dollar holding strong, this is unlikely to affect the price action in the next session. There are also some big items on the board for the pair in the coming days, so we’ll see if they come into play or not.
Then, there is the AUD/USD pair at 0.6675 and 0.6775 levels. The pair’s recent price action is a consolidation around 0.6700 to 0.6750, so it may take some time to break the mold in the next session. On the downside, there is additional support from the 100-day moving average at 0.6693, which could cap any decline. With the dollar remaining stable, upside potential remains limited for now.
So, this is the state of play regarding the larger expiry periods for today.
For more information on how this data is used, you can refer to this post here.
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