Good setup but what will Yellen say?
AUDNZD looks like a good buy setup, a lot of the indicators and price action are pointing towards a bull run, but Yellen might be the party pooper. As they say, it ain't over till the fat lady sings, and Yellen is a lady and kinda fat so...
Of course negated if prices reverses and breaks lower any way, might just be a small correction before another wave down.
- RSI and stoch show bullish divergence
- First bullish daily candle that might even engulf yesterday's bear
- First breakout of downward channel inside larger bearish channel
- Hit bigger support and daily will probably close today showing a very nice bounce
Of course negated if prices reverses and breaks lower any way, might just be a small correction before another wave down.
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Somewhat as expected. Price remains mainly flat. It'll remain so till at least Yellen.
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Price never broke higher.