Eightcap

ASX200 4H, could we see a new test of 6715?

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EIGHTCAP:ASX200   Australia 200 Cash
Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715.
A move up to and break of that level could start to tell us that a new short-term up trend is underway.

Thanks to all our subscribers and to the trading community for watching today’s update. We wish you good trading for the rest of the day.

Feragatname

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