The first one is for EUR/USD at the 1.1150 level, with the strike sitting within 30 pips of the spot level. The expiries could provide some attraction if price action stays relatively contained in the session ahead. Having said that, the price momentum continues to side with sellers for now as the drop this week puts a test of the 14 October low at 1.1111 in focus. The swing low there will be a more important level to watch, with EUR/USD looking to stick with a further downside push ahead of the main events this week.

Then, there is one for USD/JPY at the 158.00 level, with the strike holding within 30 pips of the spot level. That could help keep price action anchored around the figure ahead of the cut, particularly if markets settle into a holding pattern ahead of the Fed today. Intervention risks will continue to be a consideration but not likely to be much of a factor given that markets are likely to act more pensive before key central bank decisions and big tech earnings i.e. high volatility events.

And lastly, there is one for AUD/USD at the 0.7005 level. The expiries could offer some attraction if price action drifts lower ahead of the cut, although the technicals appear to be having more of a say for now.

The 100-day moving average at 0.7031 remains a critical resistance point with the 200-day moving average at 0.7054 not too far away now. So, that region will offer a key resistance layer for AUD/USD buyers to get through this week. And they will likely have to weigh the hotter-than-expected Australia inflation data against the Fed and broader risk sentiment before firming up any conviction to push through.

As for the downside, the key hourly moving averages at 0.7005-23 will be the notable near-term downside layer holding up the pair. With that in mind, the expiries at 0.7005 should help to add another layer of defense for price action to hold between 0.7005 to 0.7050 until we get to the main events later today.

For more information on how to use this data, you may refer to this post here and/or refer to the Q&A below.