Attraction zone @ 4723;- expected resistance zone until Rate announcement
SPI Weekly and Daily range.
Today was either going to follow the monthly trend upwards, or Tuesday was part of a 2nd day reversal pattern into trailing support levels (50% levels)
It was a simple case of the trading on the side of 4698 amd towards until 4723. in early trading.
No change to the cash rate @ 14:30 and the SPI has followed the 5-day pattern upwards, as part of the trend that’s heading higher, as per Weekly report
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