AUD Update: Volatility, Flow & The Wide Range Game

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🌡 Volatility & ER Levels (Today):
Expected Range (1σ) for AUD/USD futures:
Lower bound: 0.63945 ← Key support

🧩 Options Flow: Big Portfolio Restructuring
Big news in the options pit:
A major portfolio targeting a drop to 0.64–0.63 has been restructured.

What’s left?
Put @ 0.64 (still in play)
Call @ 0.66 (new upper ceiling)
This isn’t random — it’s a shift from directional bearishness to range-bound positioning.

🧠 What’s the Sentiment?
Looks like the market is pricing in a wide sideways channel — exactly where AUD has been stuck for the past 2 months.

No strong bullish signals from COT yet.

📅 Next Catalyst: COT Report (Tomorrow)
Fresh data on institutional and retail positioning drops tomorrow.

🔍 Bottom Line:
Support at 0.63945 holds key.
Options now suggest a 0.64–0.66 range.
Wait for COT to confirm next move.
#AUD

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