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 8403.0448 within the next 8 hours.
ASX 200 formed a Rising Wedge on the 30 Minutes chart. Retest of resistance in sight.
