I guess it all depends on what happens in Europe over the weekend. Greece is trying to confirm a plan to cut it's debt, so if this happens potentially we could see a gap up. The uptrend on Friday was a nice steady one so this would suggest a chance that the uptrend could continue. Obviously the $1.05 level is a key number, so will need to break through that. Remember the price hasn't been over $1.05 many times last year, so I would expect it won't stay over that too long. I'm hoping it continues up for a while longer!
At the end of the day, will it gap down, who knows!! The trend for Monday should be a continuation of last week's uptrend.
AUD Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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