As stock recover, will the AUDUSD?

As stocks recover, will the AUDUSD find a bid too?

As stock recover, will the AUDUSD?

Technically, the pair is trading between the 100 hour MA at 0.69165 and the 200 hour MA at 069023. The price has been trading between the MAs over the last 3-4 hours. It would take a break above the 100 hour MA at 0.6816 or below the 200 hour MA at 0.6902 to tilt the bias in the direction of the break..

Drilling to the 5 minute chart, the falling 100 bar MA on that chart has converged with the 100 hour MA at 0.6916 (overlayed line). A move above each would be needed to turn the bias back higher. That area is also home to the 50% of the move down in the NY session.

AUDUSD on the 5 minute chart

So the key levels are 0.6902 below (200 hour MA) and 0.6916 above (100 hour MA, 50% and 100 bar MA on the 5 minute chart).

Let the battle begin.