Forex technical analysis: USDCAD and oil following each other

Discussion in 'Technical Analysis' started by ForexLive, Aug 2, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Tech/Option support also in play Mike Paterson outlined a large option expiry at 1.3000 in the USDCAD and in the minutes running up to the option expiry the price moved to 1.3004 and stopped. Option sellers earn all the premium when the options expire at the strike price. They pretty much expired at the strike price. The option sellers are happy. The option buyers....not so happy.

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