The movement of ASX 225 towards 8049.7998 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Supported by Upward sloping Moving Average
Target: 8049.7998 Entry: 8000.9 Stop: 7960.514