FMG Technical Analysis, page-808

Another green bar with 2c body 4c wick 1c tail
intraday spike was sold down but looking for 4.65 re-connection

annual chart shows the cliff face has turned into a solid rebound climbup with 6 april the 4 year low point.

Lets see if this 4.60-4.65 now acts as resistance or can it become the 3 year support again.
Still a long 4-8 weeks to go to the seasonal low points hence why it may turn backwards down to 4.30 by then again so the higher this bounce goes the more leeway between it and this 4.30 low point to ensure it doesnt collapse below it.

We need to see what happens at this 4.60-4.70 pivot first but if this trend keeps going we will be there in days and then we will see if this is the real recovery or a dead cat bounce.