Greetings Everyone, and Welcome to a New Week!
With subtle Opening Gaps during the Sydney Open, we take a look at the “Bottoming and Basing” Consolidation Activity of the last few days with the Pacific Dollars… where both the Aussie and the Kiwi look to Appreciate with High-Probablility from these tight Ranges…
( ALTHOUGH FURTHER OUT IN THE NEAR-TERM… )
On the Macro-View… these High-Yielders look to recover from Dollar and Yen Gains in the Immediate-Term, and the Key will be the overall Sentiment of an actual “Shift”… or simply another Macro-Retracement to fuel Dollar and Yen Strength.
As emphasized… in the Immediate-Term if we hold this View… we will want more Depreciation across these Units to see Higher Probabilities for Longer-Term Potential… so in this sense… we really do have Opportunities for our “Both Sides of the Fence” Ideas.
Here are the DAILY Views of all Four Units, so give the Captures a Click for Commentary.
Post-Time is 3:30 GMT.
Please join me around 7:00 GMT, as always, for the “Currency Majors Technical Perspective” Report under the Technical Section Tab of the FXstreet Homepage… and I will also be back with you for Updates around the “usual” times throughout the Day!
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