The AUD/USD pair is respecting the margin zones with high precision. Currently, the price has completed a move of 1.5 margin zones to the downside and has reached a significant put spread area.
Looking lower, I have identified a support level at 0.6960. I would like to see the price reach this level to initiate long positions, anticipating a corrective move.
The Aussie has reached the previously anticipated level. Consider cautious long positions with a tight stop-loss, or size your trades to allow for additional entries at the 0.6910 mark.
There are no significant option levels below the current marginal zone for the Australian dollar.
We are approaching the margin zone. After hitting the previously identified strike zone, a reversal pattern formed, leading to a downward move. We are now observing a significant strike with open interest, along with a move extending one and a half margin zones within the bearish cycle.
