Greetings Everyone, and A Fine Sunday to All!

Writing-Time is 7:30 a.m… so 14:30 GMT.

We move away from all of the quasi-political Rhetoric, as all of you know I can only do those Thoughts in small doses… this is not a Political Blog and being largely “Apolitical” myself… there are about 12 million other Venues for Political Views.  

Since it is about 4000 Degrees here in Phoenix already, thoughts of the Water and Surfing come to mind… so let’s have a look at our “Unit of Surfdom”, The Aussie!

We have seen significant Correction and Volatility on The Unit is the Near and Immediate-Terms, despite the fact that out on the Larger-Views, The Pair is Range-Bound and locked in Consolidation.

On The Daily View, we see a Clear Range between the .7780’s and the .8260’s as Price remains “trapped” at the Mid-Point as of this Writing.

A Climb or Fall to either Level will see corresponding Bearish or Bullish Builds as long as each Area Holds with relative Ease.

The Key will be the Observance of how Price BEHAVES at either Level… does It shoot right through?… or will it hover around with little Momentum Propulsion?…

The Hourly View sees the potentially Corrective “Cluster” Area that may be Seen for Bullish Builds… as Price currently consolidates and “Adheres” to the Transitive Rollover Area of the .8070’s Dynamic Support.

A Clean Break of the .7020’s/40’s could see the .7800 Handle with relative Precision, just as a Break of the Inner-Uptrend Line may see Bearish Builds enter if the .8120 Resistance Holds and Price falls for The Hourly Double-Top.

So while the Waves are “choppy” with Consolidation… A Clean Correction holding at the Mid-.79’s and a Clean Clip of .8120 could see a nice Wave for Surfing towards the Sydney Beaches at the .8300’s !

Have a fine Sunday, Everyone… and please join me later for The Sydney Open as we work into another interesting Week with NFP on the Way, The ECB, as well as the shortened- U.S. Holiday Week!

See You Soon!