this chart for the xao appears to confirm your thoughts - resistance at 5955, and particularly with the drop in today's market.
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_______________________________________________________________________________ US interest rates-
some of the latest comment from the US seems to be a touch more definitive about timing , but with still the usual provisos - ie in the later part of this year .......
i had thought their rates might have stayed low almost forever as the lower interest rates keep downward pressure on the $US (an aid to trade) and also assists the paying off its huge debt.....
that's a bother to me as i have had a large fairly profitable holding in an REIT , which has started to ease back
