Today, there are a few significant expiries to pay attention to in the forex market. The first one is for the EUR/USD pair at the 1.0600 level, although it doesn’t hold much technical importance. Nevertheless, sellers are likely to rely on this figure to place their offers, and the expiries will provide an additional layer of resistance in case there is some back and forth price movement throughout the day.
Another expiry to watch is for the USD/CAD pair at 1.3500, which also lacks technical significance. Currently, the pair’s price action is more influenced by its 200-hour moving average at 1.3483, making it a more relevant near-term level to monitor. Sellers are eager to test the waters below the 200-day moving average at 1.3457, and they have found support from the 1.3400 mark and the nearby 100-day moving average.
If you want to learn more about how to interpret and trade based on these expiries, you can refer to this post for additional information. It provides insights into the impact of option contracts and offers guidance on leveraging them in your trading strategy.