On Tuesday, the AUDUSD fell sharply with the US stocks tumbling lower. On Wednesday, the pair moved higher as stocks corrected some of the declines. Yesterday, it was back down as stocks slid again.
Today with the stocks falling again, the AUDUSD has not moved lower, but is trading up and down within a technical range. The price action is diverging from the recent norm.
In the video above, I take a look at the AUDUSD pair from a technical perspective and outline the key levels in play as traders take a breather from the risk-off/risk-on price action.
