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Greetings again, Everyone!
Our thought on The Fiber earlier certainly took shape, as Risk Aversion and Dollar and Yen Strength continue on to begin our Week.
While The Majors find Depreciation, The Pacific Dollars are at least locked in a bit more “Definable” Consolidation.
Here is the Hourly View of The Aussie and The Kiwi, so give them a Click as always for various Levels of Reference.
Post-Time is 6:30 GMT.
The Aussie finds Dynamic Support at the .7900 Handle, and a significant Breach through to at least the .8000 Handle is needed for any Solid Bullish Sentiment moving forward.
( We hold the same “General Areas” of Support and Resistance Transitive Rollovers on both Units here… )
In a similar Fashion, The Kiwi also needs a “Lift” through to the .6370’s in the Immediate-Term, or we may simply remain Range-bound moving forward.
We have the “Indirect” Aspect we talk of so often, with The Aussie and The Kiwi not feeling as much “Pain”, per se, of The Majors themselves.
For an Immediate-Look at the “Angular” Price Action of The Majors, The “Currency Majors Technical Perspective” Report was just published…. and as always more Update to come as we begin our Week!
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