Good setup but what will Yellen say?

FX:AUDNZD   Australian Dollar/New Zealand Dollar
3 months ago
AUDNZD             looks like a good buy setup, a lot of the indicators and price action are pointing towards a bull run, but Yellen might be the party pooper. As they say, it ain't over till the fat lady sings, and Yellen is a lady and kinda fat so...

  • RSI and stoch show bullish divergence
  • First bullish daily candle that might even engulf yesterday's bear
  • First breakout of downward channel inside larger bearish channel
  • Hit bigger support and daily will probably close today showing a very nice bounce

Of course negated if prices reverses and breaks lower any way, might just be a small correction before another wave down.
3 months ago
Comment: Somewhat as expected. Price remains mainly flat. It'll remain so till at least Yellen.
3 months ago
Comment: Price never broke higher.
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