Australian dollar vs. U.S. equities
As the WSJ noted, U.S. equities have been highly correlated with the Australian Dollar lately, crashing and rebounding together.
This can be construed in multiple ways, one being the risk-off correlation between U.S. equities and the U.S. Dollar during the past few months of market turmoil. Regardless of the reason for this correlation, this wasn't consistently bullish or bearish for the Australian Dollar:
However, it was a bearish factor for U.S. equities over the next 2 months: