AUD/USD

I'm keeping an eye on AUD/USD as it has a good correlation to the market.

Here's the trend in the AUD

 The AUD is in a downtrend and selling off

 Looking at today, I'm watching this area for either a breakout above the red trendline, which would lead to a bounce, nothing abnormal, within a downtrend. Or a break below to new lows.

 This is what the longer term trend for the AUD looks like, very negative

Short term though there's a small positive divergence which could either be a consolidation or a bounce...