The support line seems to be holding for now with decent volume but the market has been going up in the interim. If the market goes down for a bit and it still holds the support line I'd be convinced but upside would be capped for awhile at around the $1 mark for awhile but 40% is a decent enough move.
It should take a full year for currency issues to play out unless Australia does go into recession but with iron ore and coal prices going gangbusters that doesn't really seem likely but again even economists get these things wrong.
If I knew which way it would turnout each time I wouldn't be posting on Hotcopper, I'd be on my yacht or relaxing at an onsen in hokkaido.
Ann: 2016 AGM Presentation, page-149
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