Sustained price action under 99.40 AUD/USD is negative. This could lead to a test of the 98.
AUD/JPY…76.90-76.50 could be in the cards with more selling of Dollar denominated assets and the straight buying of Dollars.
Spu’s…every new low can provide a level for a bear trap! Sell rallies not breaks..
Match up any lows in the Aussie or AUD/JPY with 1196.50 (H) S&P 500 Futures.
Metals…too early to tell, however this last rally to the 200 day in the Feb gold, and it’s immediate rejection does not bode well.
