Quick summary of last week, feel free to add or argue against...

Quick summary of last week, feel free to add or argue against etc...

Good Aust employment numbers gave A/U the jump start needed for an upside break to occur on daily & weekly last Thurs, after selling down to 50% retrace of 2011.

Since that eve, its drifted back and this morning tested support on 4hr to remain above, with a couple more supports nearby, one of which has a more shallow gradient that could be tested later during the week.

European financials, eg Stoxx Europe 600 banks Index, are getting close to back testing lows reached last year, and along with general weakening of Oil, Coal and Base Metals could keep A/U contained for its back tests this week.

Good luck,