Huraian
⋅ 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