Looks to test the lows from last week
The AUDUSD is trading at session lows as risk off flows (stocks trading at the lows) pressure the pair.
Looking at the hourly chart, the price has moved below the 0.7200 level. On Thursday and Friday of last week, the price traded in this vicinity with the lowest hourly closing bar at the 0.7195 level. The low just extended to 0.7192. The price has not closed below 0.7200 since October 6th.
Later today, Apple will report earnings. The stock price is down -$0.11 in pre-earnings trading. With the Fed up tomorrow, the stock market is nervous after the big run up off the lows.
