It seems that for the last couple of months the price has stayed...

It seems that for the last couple of months the price has stayed virtually at these levels, rising to about 1.7 and falling to 1.4 - a quite tight channel. During this time there has been a couple of note conversions which has not resulted in any appreciable downward spiral (as I would have thought seeing that the All Ords has also taken a small but concerning pounding). So my question is, have we reached a stable bottom? A discussion would be most welcome as to ehy this could be the case.