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