AUDNZD continues its drift lower

Sellers still prevailing in this pair 28 Nov

Yesterday I highlighted strong option expiry interest at 1.1100 and we capped at 1.1090

Neither core pair reacted too much at the time in relative terms, negated by EURAUD and EURNZD selling that I also posted about but we still drifted off into 110.50 by expiry.

Now we have new lows of 109.63 and that's lending support to NZDUSD and capping AUDUSD. Cross plays will always impact core pairs so just be aware. Keep an eye on p/a for clues always.

Forewarned is forearmed they say.