Option market predicting a drop in AUD
Hey everyone! We've got some data from the CME Exchange for August 13th. We're looking at option sentiment, which is meant to fall quotes in the 0.63 area within 30-40 days (the option portfolio's shown in the screenshot).
It makes sense because there's a lot of bearish liquidity in that area, as confirmed by the price action there.But keep in mind that retail activity's contrarian indicator is still showing market bullish sentiment.
You need to wait for the graphics to confirm it's time to lower the prices.
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