Test the 100 hour MA
The AUDUSD is finally reacting to more selling in stocks. The S&P has now cracked the 100 day MA. The Nasdaq is within 9 points of its 200 day MA at 7499.
The AUDUSD traded quietly in an up and down range in most of the NY session, but has moved lower over the last hour or so.
The price is now testing the 100 hour MA. A move below adds to the bearish bias.
PS the Nasdaq has just cracked the 200 day MA (trades to 7497)