Markets

Stocks find a bottom and so does the JPY pairs/AUDUSD

S&P bounces

Below is the 5 minute chart for the S&P index

Nine bars ago, the index bottomed.

This is the 5 minute chart of the EURJPY.

Ten bars ago the pair bottomed.

This is the USDJPY.

Nine bars ago the pair bottomed.

This is the 5-minute chart of the AUDUSD.

The risk pairs are watching the stock market like a hawk. Now that relationship can end. It does not have to go hand in hand, but as we head toward the last hour of trading in the stock market, the ebbs and flows in some of the risk pairs, may hinge on what happens in the major stock indices. It's been that way for most of the day today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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