SPI Monthly and WeeklyMAY lows supporting the market, whilst the Weekly 50% level in the 24 hour market is supporting the market after the expected 2-day reversal on Thursday into a lower Friday close
As per previous Weekly report there is an expectation that price is heading towards the June lows, however the MAY lows and 3-Quarterly 50% level can continue to support the market until June.
Which means price can consolidate and move towards the June 50% level but then push down towards the June lows and the Yearly 50% level @ 4295.
Next Week's 50% level and lower Weekly open is the trend guide which can see the Aussie market move into a 2-3-day UP swing, as long as it remains above Weekly 50% level.
