EUR/USD expiries are set at the 1.1500 and 1.1525 levels. The pair is near April highs and looking to clear the 1.1500 mark. The expiries may temporarily control movements, but uncertainty remains with US policy changes affecting the dollar’s strength.

AUD/USD has an expiry at the 0.6500 mark, likely keeping the pair close to this level. Buyers face difficulty surpassing the 0.6500 mark, and this trend may continue.

For detailed guidance on using this data, further information is available online.

Key Expiry Levels

The initial section highlights key expiry levels for two major currency pairs, which serve as gravitational zones where price tends to cluster. These levels can act like magnets, especially around New York option cut-offs, dragging price action toward them as positioning from large players consolidates.

For the euro-dollar pair, the expires at both 1.1500 and 1.1525 reinforce the importance of this range. Price action hovering close to April’s multi-month highs shows bullish bias, but with caution. The presence of large expiries around these figures introduces a tug-of-war dynamic — price may remain tethered within a narrow zone as large contracts settle. At the same time, adjustments in monetary expectations surrounding the US continue to inject volatility, making moves above 1.1500 less straightforward than they might appear on the surface.

With the Australian dollar pairing, the scenario’s similar but slightly more static. The expiry near 0.6500 appears to be acting more like a lid, or even an anchor, making upside movement sluggish. Buyers don’t seem to have the follow-through required to sustain strength above this level. Instead, every push higher meets friction, suggesting broader positioning is still cautious. It’s not just expiry gravity — sentiment here leans heavy, possibly reflecting broader macro uncertainty or domestic signals weighing on risk appetite.

Importance of Monitoring Price Behaviour

So, what can be done with this? We need to watch price behaviour during the European and early US sessions closely, especially within 50 pips of these listed expiry levels. If volatility picks up and price begins to respect these zones more precisely, that’s a hint that markets are being shaped more by options than spot-driven flows right now. That shifts how we approach levels — thinking in terms of decay timing and rollover cost rather than traditional support/resistance.

In our experience, the hours before the New York option cut tend to reveal the true influence of the listed expiry. If price sticks to the level or grinds around it without clean volume confirmation, the expiry is doing its job — containing direction. Any breakout that occurs only well after expiry time should be treated as separate from the earlier movement and not assumed to have backing from those expiry book flows.

Keep bias aligned with confirmation, not expectation.

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