AUDUSD Update April 2017

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

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