After the rallies we've seen the last week and a half I did not think the Aussie might be slumping again. But hey, it's a bearish harmonic pattern
. The long term trend on this pair is still bearish
, so I am not going to ignore this pattern.
Currently, I'm riding the Aussie up on Risk on sentiment. But that seems to have stalled at the 0.9042 level.
So there is a high possibility that the pattern will play out.