ASX 225 has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 9 days and suggests a possible target level to be around 7681.2911 within the next 23 hours.
Target: 7681.2911 Entry: 7595.1158 Stop: 7487.7