Aurum Markets Blog Technical Analysis ASX 225 approaching important bullish key level

ASX 225 approaching important bullish key level

ASX 225 approaching important bullish key level post thumbnail image

ASX 225 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next 12 hours.

Supported by Upward sloping Moving Average

Target: 8499.9004 Entry: 8445.2 Stop: 8422.758

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