The decline from July's peak continues. A 7th down week in a row was posted last week - the first time for 6 years and 62% of the rise from this year's low has been corrected.
The last 3 trading days saw little net movement but this consolidation at oversold extremes is expected to be temporary as the daily Keltner channel remains trending negatively and the 13 day moving average is likely to contain rallies with potential to 1.6474 or even 1.6419.