A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings Everyone!
Let’s check in with the Aussie development from yesterday, and here is a view of the Hourly a few hours back illustrating our “delayed” reaction and re-positioning of Price after the RBA Decision.
My reference in the Title of today’s Post is not exclusive to just Australian Data.
As we know…Nothing exists in a Vacuum…including whole Economies.
While the RBA’s stout Rate Cut, improved Retail Sales, and the massive second Stimulus Package are in play here….we also have to account for the increase in Pending Home Sales out of the U.S. and lower Inflationary concerns out of the Euro-Zone as well.
A bit “counter-intuitive” as always lately…but it really becomes a thought of “What Flash-Point is the Lesser of All Evils”….what will do the least amount of damage and slowly bring Risk Appetite back to the table.
(click for the captures, and Post-Time is 2:50 GMT )
Currently, a Price correction has come into play, and Fractal Price action is following due and logical course.
We have Price appreciation buoying us up a bit due to positive 3.8% increase in Retail Sales vs. November numbers.
Continued Bullish Momentum here is taking us to a possible ”Re-Test” of this .6530 Area of Static Resistance.
It is, indeed, highly probable that we may push through with ease here towards the .6600 “Cluster” Area that we saw late last week on the Hourly…but as always only time will tell.
Anything is possible…and your defined and well-advised Risk Parameters will assist in containing that so-called “Anything” !
