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– AUS200 broke strong resistance level 8530.00
– Likely to rise to resistance level 8700.00
AUS200 index previously broke the strong resistance level 8530.00, which has been reversing the index from the start of December.
The breakout of the resistance level 8530.00 accelerated the active impulse wave 3 of the higher order impulse wave (3) from the start of this year.
Given the strong daily uptrend, AUS200 index can be expected to rise to the next resistance level 8700.00, which intersects with the daily up channel from December.
Source: https://fxpro.news
