The S&P 500 is now down 1% to 1362.
We’ve broken the hourly trendline and the 100-day moving average at 1360 is nearby.
Price action in AUD/USD is very similar and the correlation between AUD and stocks is extremely high this month (0.809).
AUD/USD bids down to 1.0350 holding so far ahead of stops at 1.0340.
