re: lhg chart observation On closer scrutiny I believe that...

re: lhg chart observation On closer scrutiny I believe that although LHG has some congestion round $1.40 there is insufficient price history here to see it as anything much more than noise . Looking at a weekly time frame is much more interesting . It becomes clear that large resistance exists at around $1.60 with good support at $1.25 . A clear break above this zone would see a target of $2 then significant resistance appears above $2.40 . The pog will probably need to appreciate in $A not just $US to make this happen though .
Cheers Mackarel