I think we will still be stuck in this range for a bit once it bottoms as it will attract pip traders who trade the range from say 1.8 to 2. This churn will naturally weed out the last of the weak hands, and then we will start to tighten. Hopefully the end of financial year places a natural bottom but we will see. Looks like there is still some supply out there.
Ann: Company Update, page-56
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