AUD/USD: Optionality beckons

Author: Sean Lee | Category: News

There has been a lot of talk about the big option barrier at .9750 but it seems that even if it does break there are more barriers waiting. There is a smaller one at .9800 and it’s no surprise to hear of a large one at .9850, as that was the main high back in 2008.

There will be accelerations if stops go off but the path to parity is paved with obstacles.