Description
⋅ 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