Stops triggers and runs lower
THe AUDUSD is running lower after breaking below the December low and swing levels from October and November. That area comes in at 0.7151-637
The September low at 0.70852 is a target below.
As the AUDUSD moves lower, so do the stocks (risk off?) The Nasdaq is now down -96 points or -1.46%. The S&P is down -28 points or -1.05%.
At the start of Powell press conference, the S&P was up around -7 points and the Nasdaq was down about -2 points. Below is the snapshot of the markets at the start of the presser.
PS Nasdaq is down -116 points or -1.70%