Hi Shecka
The move down from 0.77 to 0.575 happened too quickly, no real dead cat bounce (DCB) as yet on the daily charts. So I thought I would re-examine the charts again to see what the possibilities are.
You can see from the weekly chart that a rise from 0.305 to 0.77 has a 50% retrace level of 0.535 which is plausible and I would not be surprised.
Will have a better idea of what's going on when we get that DCB on the daily chart.
.
As always DYOR.
cheers Lies
Having a look at the very short term
Chart, page-8919
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