Ive posted 3 different time frames here to take in the big picture. At present it would appear that the correction has further to run in time as the two of three different time frames are showing a sell at present, the monthly chart is yet to cross over to a sell. Around $1.28 has held support before, if that fails then $1.26 would be the next likely area of support going from the past price action.
Of course this could change overnight with a positive HGP announcement,(hurry up QAL), and could be seen by some as an opportunity to top up at these levels.
This is my opinion only, do your own research.
