In my eyes it’s still looking weak. If we break 0.6290 tonight it could be looking good for a reversal (potentially). I’m expecting some consolidation before it starts moving up, and probably a liquidity grab (got some buy orders very close to the low). Hopefully Wednesday night it starts to break to the upside (or Thursday with US inflation). US data will drive this trade. Currently I’m hedged, so I don’t mind if it sinks a little lower.
Indices 10/10, page-78
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Last
7,749.7 |
Change
34.200(0.44%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,715.5 | 7,777.8 | 7,714.0 |
| XJO (ASX) Chart |