Decent rally in the pair today so far 8 NovLarge option contract expiries at 0.6920-25 and 0.6950 that I reported earlier and I think it’s a decent guess to say the long side of the contracts are prevailing in today’s battle.
Still a close shout though at 0.6928 after 0.6932 highs. Can’t entirely rule out the interest being on the sell/capping side given recent range so we should see a decent battle up here.
Strange to a degree though that we have these uncommonly large NZD contracts rolling off before the RBNZ decision tonight (would have made more sense tomorrow but probably unrelated)
On that note Eamonn was busy collating some previews earlier:RBNZ meeting — preview #4 (scenarios)RBNZ Oct. monetary policy meeting coming up — preview #3RBNZ Oct. monetary policy decision coming up — preview
Remember that these are «vanilla» options so still in play right up to expiry at 14.00 GMT even if breached in the meantime, unlike barrier options which cease to be once hit. The actual amounts can change right up to expiry.
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