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GBPUSD TECHS

Consolidating And Remains Vulnerable

EQUITIES

Stocks Spiral as S&P Chews Through Support

EURUSD TECHS

Bearish Focus

FED

Powell Defends Fed Policy Stance

AUSSIE TECHS
AUSSIE TECHS: $0.7720-0.7807 Resistance Region Key
*RES 4: $0.7739 - Hourly resistance Oct 25
*RES 3: $0.7720 - Low Oct 11 now resistance
*RES 2: $0.7694 - 200-DMA
*RES 1: $0.7670 - Hourly resistance Oct 31
*PRICE: $0.7657 @ 2000GMT
*SUP 1: $0.7639 - Low Oct 31 
*SUP 2: $0.7622 - Low Oct 27 
*SUP 3: $0.7556 - Daily Bear channel base 
*SUP 4: $0.7564 - Low June 26
*COMMENTARY: Bears dominated last week with the close below the 200-DMA seeing
focus shift to $0.7513-56 where the daily bear channel base is noted. The 55-WMA
comes in at $0.7631 and may slow the move. Overall bears look for a close below
$0.7312 to confirm focus on tests of 2017 lows. Bulls still need a close above
$0.7720 to ease bearish pressure and above the bull channel top ($0.7797) to
pressure the $0.7833-0.7909 region where key DMAs are situated.