ASX 225 is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of ASX 225 could test 8086.3571 within the next 16 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Supported by Upward sloping Moving Average
Target: 8086.3571 Entry: 8002.9 Stop: 7959