EUR/USD and AUD/USD option expiries at 1.1570 and 0.7050 could limit upside as dollar sentiment and risk mood dominate.
EUR/USD option expiries at 1.1570 and AUD/USD expiries at 0.7050 may act as near-term resistance levels, though neither aligns with key technical markers. The 100-hour moving average for EUR/USD sits slightly higher at 1.1580, adding another layer of potential upside constraint amid cautious market sentiment.
Dollar sentiment and broader risk appetite remain the primary drivers for currency movements, overshadowing the impact of these expiries. AUD/USD remains range-bound between 0.7000 and 0.7075, with the latter acting as a more critical technical ceiling after Friday’s drop below its 100-day moving average.
Without major shifts in US-Iran developments or other headline risks, major currencies are expected to trade cautiously. The expiries may exert minor pressure but are unlikely to dictate broader price action.