INTUITION tells me the downside is subsiding with 18.69 the...

INTUITION tells me the downside is subsiding with 18.69 the bottom, and we have another major higher low in place a few seesions later, with higher lows building on the other sode of the major low at 18.69. My gut tells me its bottomed at 18.69 and building slowly back up now for an imminent retest of 19.70 and possibly a breakout of that level (perhaps when the RBA announces its rates decision??)

Dont know , its all speculation, but if u have a looka t the formation, it may be ready to head towards 19.70 where that will be the key resistence point, rather than 19.50s which have been resitence points almost daily till now.

the consolidation of the short term moving avg below the longer one is taking its course and itll start slowly edging back up. So get set.