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 14 days and may test it again within the next 3 days.
Supported by Upward sloping Moving Average
Target: 8009.5 Entry: 7961.9 Stop: 7940.776