ASX 200 is moving towards a resistance 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 8884.7161 within the next 11 hours.
ASX 200 formed a Channel Up on the 15 Minutes chart. Retest of resistance in sight.
