ASX 225 is moving towards a resistance line. Because we have seen it retrace from this line before, 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 4 days and may test it again within the next 7 hours.
Supported by Upward sloping Moving Average
Target: 8551.4048 Entry: 8505.3 Stop: 8471.3