Good setup but what will Yellen say?

25 août 2016

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...

• 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.

26 août 2016

Note

Somewhat as expected. Price remains mainly flat. It'll remain so till at least Yellen.

2 sept. 2016

Note

Price never broke higher.