BULLISH AUSSIE RALLY AS DOLLAR GIVES BACK GAINS
FUNDAMETALS
-Despite positive NFP numbers , the dollar gave back a lot of the gains obtained midweek.
-The news may have been underwheming for dollar bulls. (ADP NFP numbers could have been misleading)
-Inflation indicators could be major market movers next week. i.e CPI
-nontheless dollar bull theisis stands
TECHNICHALS
-Price at key supply zone 0.6900
-if price breaks to the upside, Then break and retest setups could come into play.
-if price fails to break, the overall sentiment could prove bearish
-Despite positive NFP numbers , the dollar gave back a lot of the gains obtained midweek.
-The news may have been underwheming for dollar bulls. (ADP NFP numbers could have been misleading)
-Inflation indicators could be major market movers next week. i.e CPI
-nontheless dollar bull theisis stands
TECHNICHALS
-Price at key supply zone 0.6900
-if price breaks to the upside, Then break and retest setups could come into play.
-if price fails to break, the overall sentiment could prove bearish