Has been taking some time this congestion
Comment:
I have a sense that next week is critical for AUDUSD, oil, rates, and reflation overall.
Comment:
Today AUD survived
Comment:
Starting the week with some move
Comment:
FED meeting today/tomorrow
Comment:
Holding 0.74 so far with 2 consecutive hammer candles.
Comment:
Bounces off what looks like a critical level and lets see whether can overcome 0.74
Comment:
Movement here overnight
Comment:
So just like oil breakdown was overextended, so recovering. No surprise given same underlying factor exposure
Comment:
Closed just below the downtrend line. Critical time coming for the bullish case. Make or break
Comment:
Net spec positioning barely long from massively long. Bullish
Comment:
Good action today