Today, there are two notable expiries that traders should take note of. First, the EUR/USD has an expiry at the 1.0600 mark, although it doesn’t hold much technical significance. Sellers are expected to rely on this price level to put up offers, and the expiries will add another layer of resistance if there is any back and forth price action.
Meanwhile, the USD/CAD has an expiry at 1.3500, which also lacks technical significance. The pair’s price action is primarily influenced by its 200-hour moving average, currently at 1.3483. This moving average is the more relevant near-term level to watch out for. Sellers are aiming to explore levels below the 200-day moving average at 1.3457, with last week’s decline supported by the 1.3400 mark and the nearby 100-day moving average.
For further information on how to utilize this data effectively, readers can refer to a post provided in the article.
