RBA Assistant Governor Guy Debelle said that AUD was not high enough for intervention but they could lower interest rates if needed. These are negative words for AUDUSD which could extend deeper, through 1.0220 especially if we consider bearish picture for US stock market.
We see leading diagonal on AUDUSD from 1.0340 followed by a wave two pull-back now to 1.0280/90 resistance. This market is bearish below 1.0340.
AUDUSD 30min

EUR is not looking good as currency fell sharply against its rival after the Italian elections. EURUSD fell close to 1.3000 psychological level from where we could see a three wave bounce back to 1.3150. If recovery will prove corrective, meaning it will be slow and choppy then get ready for another sharp fall, next time beneath 1.3000. Pair remains in bearish mode below 1.3318.
EURUSD 30min
On the S&P Futures we also expect continuation of a downtrend after current three wave rally to 1490/95 reistance area. New sell-off could be a fifth wave of decline, which is bullish for USD and JPY for the near-term, while 1505 is not breached.
S&P Futures 30min