You're right about charts. 5560 is support and 5580 is channel resistance.
My system uses price velocity. Hence, you have 5580 - 5620(stop hunt). If RBA cuts rates and BOJ doesn't disappoint, I'd have to reevaluate and price could move even higher. Support and resistance won't mean anything when central banks are driving momentum.
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You're right about charts. 5560 is support and 5580 is channel...
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