Key Support Zones: 6100, 6000, 5900
Australia 200 (AU200AUD) Long-term Trend: Bearish
The index is still in an upward move. Yesterday the bulls were resisted at the price of 5500. Today, the market is showing some bearish signals as the market continues its downward move. On the downside, if price falls to the low of $5,250, an upward move is likely. On the upside, if the bulls break the resistance at 5500, the market will reach a high of $6,250.
Daily Chart Indicators Reading:
Australia 200 is at level 48 of the Relative Strength Index period 14.
This implies that the market is in the downtrend zone and above centerline 50. This shows that the index is falling.
Australia 200 (AU200AUD) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. The price has been rising from the low of 4400. Nonetheless, the market is currently facing resistance at 5500. Each time the bulls test the resistance level, price will fall to the support of the trend line.
4-hour Chart Indicators Reading
AU200AUD is below 40% range of the daily stochastic. This implies that the market is in a bearish momentum. Currently, the index has been falling and has reached a low of 5363. The 50-day and 21-day SMAs are sloping upward.
General Outlook for Australia 200 (AU200AUD)
The index is currently falling as it faces resistance at 5500. In the meantime, the indicators are showing bearish signals. The selling pressure will continue if the price breaks below the trend line.
Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.