The Aussie is underperforming across the board...
The Aussie is underperforming across the board, with AUD/USD struggling to retain grasp of the 0.7600 handle and AUD/NZD fading below 1.0850 as the Kiwi maintains 0.7000+ status against its US rival ahead of the RNBZ next week.
Technically I have highlighted a key range for the pair where a lot of manipulation activity could occurs with an hourly reversal.
Hence, at this stage hefty option expiry interest in NZD/USD at the 0.6950 strike (1.2 bn) does not appear influential in contrast to expiries between 0.7600-20 (almost 1 bn) that could keep AUD/USD capped amidst a suspension of AZN vaccinations in the state of NSW.
Technically I have highlighted a key range for the pair where a lot of manipulation activity could occurs with an hourly reversal.
Hence, at this stage hefty option expiry interest in NZD/USD at the 0.6950 strike (1.2 bn) does not appear influential in contrast to expiries between 0.7600-20 (almost 1 bn) that could keep AUD/USD capped amidst a suspension of AZN vaccinations in the state of NSW.
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