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Bear Cycle Extension

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(M2) Primary Downtrend Remains Intact

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Corrective Bounce Extends

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(M2) Corrective Cycle Still In Play

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Following traditional risk-on patterns

FOREX
  • Dollar weakness continues this morning but moves are rather limited overall.
  • FX markets are following a traditional risk-on pattern with AUD, NOK and SEK the outperformers and JPY underperforming.
  • AUDJPY the biggest mover of the day, up around 1.0%, and challenging the 38.2% retracement of Wednesday's intraday high to yesterday's intraday low which comes in at 89.02.
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  • Dollar weakness continues this morning but moves are rather limited overall.
  • FX markets are following a traditional risk-on pattern with AUD, NOK and SEK the outperformers and JPY underperforming.
  • AUDJPY the biggest mover of the day, up around 1.0%, and challenging the 38.2% retracement of Wednesday's intraday high to yesterday's intraday low which comes in at 89.02.