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Sunday, November 1, 2015

ASX weekly rejected off resistance


It was a bad week for the ASX. There was a rejection off the flat kijun sen. Even though the MACD was crossed up, you can see how the chikou span hit the flat kumo top. The RBA is releasing the interest rate announcement in the week ahead. I think there is a possibility that they could cut by .25%. We will have to just see what happens.


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