Morning all.
Price is sticking close to the 5-day and weekly highs so to me there's no point fighting the trend. In fact, I think price action today may be similar to yesterday and will discount the RBA decision.
My value area is between 3829 and 3926, with pivot at 3867. If price holds above 3926 after the first hour, I wouldn't be short.
My 5-day 50% is at 3838 and high is at 3930. Weekly 50% is at 3836 and high at 3978. That might be a nice short position.
terrific tuesday
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Last
7,796.0 |
Change
26.600(0.34%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,769.4 | 7,796.9 | 7,753.9 |
| XJO (ASX) Chart |