Quiet Before the Move — What AUD Options Are Telling Us

The AUD is stuck inside its recent range — trading has gone sideways, and trying to predict a breakout direction ahead of key moves would be premature (for more on the “Suffering Trader” concept, click here ).

Price is consolidating just below a cluster of previously opened retail longs. This "failure to achieve" undermines the case of shorting this level right now. So for the time being, I’ll stay in observation mode and watch which side ends up suffering the most.

Now, looking at the CME data , there’s been a meaningful inflow in deep-out-of-the-money call options at the 0.665 strike . That’s interesting.

Also worth noting: just above, at the 0.67 strike , we saw a similar inflow a couple of days ago — and that portfolio remains static. No repositioning or outflows so far.

That silence could mean something. Or nothing — yet.

We’re watching closely.