General Discussions, page-11266

Australia is not in the same position as the States but the shock jocks have been working overtime to damp demand. XAO is in the pullback zone on the weekly, not a bear zone if you look to the left of the chart and yes there is a buying opportunity now on the RSI. End of financial year will be coming to a close soon. Australia export commodities which are necessary goods. While the dollar is taking a hit, the volume offsets value loss and maintains income stream. So I don't see the same problems in our economy as in others. The RNU rise depends on PEPR then offtake agreements can be formalized.



Looking at the RNU Chart the A&D line has bottomed unlike the XAO and the RSI is oversold. The MACD is flat. Volume looks like a stopping volume. So I would be surprised if price falls below the 88% Fib. All probability, not certainty.