ASX 200 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 6 days and suggests a possible target level to be around 8704.4199 within the next 14 hours.
Breach of 8655.5996 could mean a start of a bullish trend on ASX 200
