Aussie dollar is a proxy to the S&P500. It's looking bearish Australian Dollar vs. US DollarFX:AUDUSDmarkethunter888The analysis done here is on the daily time frame for the AUDUSD. It has formed a massive head and shoulders topping pattern which typically should lead to a selloff or should absolutely rip higher and go into "risk on" mode. TARGET: ROUGHLY 7% from CMP would translate to atleast a 10% selloff for the SPX.