AUDUSD Bearish Wedge is Wary for Longs

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Latest impact:          AUDUSD Bearish Wedge is Wary for Longs

The Stock Market took action to correct its Jan rally, and it is correcting it severely by mirroring all the rally completely, albeit some do a la laggard style. Correlate AUDUSD to the stock market and to the VIX, I can assume that selling AUD remains favorable as long as no close above 10370 is triggered as bearish wedge pattern is completed.

Target is 10300.

 

 

 

 

 

 

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