FX Option expires April 26 at 10:00 a.m. in New York

There are a few big ones to consider for today, namely for EUR/USD around 1.0725-50 and AUD/USD at 0.7220.

That said, given recent dollar strength and technical difficulties, the above expiries might not hold too much appeal in my view.

As for EUR/USD, price action is more or less testing new lows for the year, with sellers exerting downward pressure to continue a move below 1.0700. But expiries can at least help limit any upside before rallying, not that the dollar needs that much help just yet.

Meanwhile, the AUD/USD one is huge but doesn’t add any technical significance, so it might pull in the price action a bit, but I can’t see much else to be honest.

The dollar has been in a league of its own for the past few days and it could be difficult to change that narrative at the Fed next week.

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