AUDUSD: Advanced Pattern Formation #2 (Bearish Bat Formation)

Coming off a beautiful Cypher Formation & a day full of Dollar Weakness thanks to the FOMC Minutes Release, We now have a bearish Bat Formation that has completed offering traders who aren't concerned about going against the grain an opportunity to get short and potentially catch a portion of the correction.

NEWS - 5.24 at 10pm (NY) NZD Annual Budget Release.

Akil