Lots of sideways movement on the USD AUD recently. Only three times a strong channel has been broken in July and there is good support & resistance established in July. MAs converged for nearly 85 periods
Entry point around 73600 if the price bounces off the support line.
Long term bearish trend is still in play an could present an opportunity if the price tests...
Recent promotion to FTSE 100 and a spate of good news and results pushed SMDS to new heights and since year-end results profit takers have corrected the share price. Oiutlok for this share is bullish based on recent market news and the same heights will undoubtedly be re-hit in the near future.
Trend reversal in early June was indicated by the double top and...
