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FX option expires May 6 at 10:00 a.m. New York Cut

There are a few to consider, as highlighted in bold.

The first being for EUR/USD at 1.0750, which could prevent price action from moving too far away during the session. But with dollar pressure, it could also serve as a minor bottom before falling later in the day.

Next is USD/JPY at the 154.00 level. This is also where the buyers are hiding at the moment, after the increase in trade in Asia. Even though expirations can be taken into account here, the psychological factor remains the main driver of the pair at the moment. So keep that in mind.

And finally, there is one for AUD/USD at 0.6625, which could also prevent price action from playing out too aggressively at the key resistance region of 0.6635-50. At least that is for European trading, where the risk-on mood still seems a little more subdued so far today.

For more information on how to use this data, you can refer to this article here.

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