ASX 200 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If ASX 200 continues in its current trajectory, we could see it reach 8223.4167 within the next 8 hours.
After testing the support line numerous times, ASX 200 is once again approaching this line. Can we expect a bearish trend to follow?
