Dislikedhi mate, that target might be in theory for now... flood has caused the trade balance to plunge, not to mention the chinese data has came out worse than previous and forecast... from the news, flood has shut down the mining area which is one of the most important business for this little kangaroo... if unemployment rise.... you know what i mean.Ignored
My thought is that when news comes out, banks and other big boys moving in and put a momentum to the trend or reverse a trend..it'll have retrace, no doubt, but overall trend is dictated by economic situation...
Just my 2 cents, would love to hear other opinions..
Cheers..
BC