A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings again at The NYSE Close, Everyone!
We saw The Equities and Bonds pick up steam for a Rally, as Treasury Auctions bode well for another Bullish Day overall.
In the same Fashion that we look out in the Macro-Views with Currencies and see large Bull and Bear Flags… we can also see the same on The Indices as well.
The “Bear market Rallies” still appear Valid on the Longer-Views… as The S&P 500 looks rather “Heavy” and we may see perhaps the 880’s/870’s in the Near-Term.
This will prove to be Dollar Positive, as The Dollar Index works a Tight Range of 79 to 82 or so… as we contemplate Bullish Weakness… or simply are cognizant of the Fact that at these Levels… Bullish Builds may come back in to resume Trends and further weaken The Dollar and The Yen.
As always… We have Two Scenarios here to be Mindful of!…
The Aussie provide a fine Illustration of a Unit that behaved “In Concert” with prevailing Trends of late on the IntraDay View.
Give the Capture a Click for the “slight Bullish” Behavior… while still being “caught” in a significant 160-Pip Range of accumulating Consolidation.
The Dynamic Trendlines provide Support as Price moves above the .8000 Handle again… and looks to Maintain the Area as a New “Transitive Rollover” Area.
The Asian-Pacific Bourses picking up on The Equity and Index Work of New York may use the opportunity to push The Unit lower, put Strength back into The Dollarm, and see the50% Fib Variant Confluence here with the Dynamic .7930’s Support.
As always…please join me again as we move into tomorrow in a few hours for Friday’s Blog!
See You Then!
