Has been taking some time this congestion
Note
I have a sense that next week is critical for AUDUSD, oil, rates, and reflation overall.Note
Today AUD survivedNote
Starting the week with some moveNote
FED meeting today/tomorrowNote
Holding 0.74 so far with 2 consecutive hammer candles.Note
Bounces off what looks like a critical level and lets see whether can overcome 0.74Note
Movement here overnightNote
So just like oil breakdown was overextended, so recovering. No surprise given same underlying factor exposureNote
Closed just below the downtrend line. Critical time coming for the bullish case. Make or breakNote
Net spec positioning barely long from massively long. BullishNote
Good action today
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.