AUDUSD drops after option expiry defence

The pair has posted further losses following the 14.00 GMT expiry time

I highlighted the battle going on with large expiries between 0.7710-20 as the clock ticked down. Seems like the buy side came second.

As per my expiry guidance post normal service has resumed on a combination of USD demand, commodity ccy weakness and AUDJPY supply and we've posted 0.7683.

Some level of support/demand prevailing down there as per my order board post and currently 0.7690

My work here is done so I'll wish you good trading and see you again tomorrow.

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