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The ASX200 its strength and resilience last week, shrugging off the week prior’s domestic political uncertainty, to hit levels not witnessed since January 2018. The week’s high of 6373 coincided well with an upward support line previously honoured by the market and comes after bouncing of familiar support at 6240. Following an (on-balance) solid reporting season, the Australian market looks willing to track the strong activity in global equities, particularly out of the US, finding additional support too in the rapidly depreciating AUD. Further falls in the local currency have been behind much of the Australian share markets rally this year, a dynamic that may well continue this week if economic data is lacklustre and interest rates markets keep pricing out rate hikes from the RBA.0.