Key Resistance Zones: 7000, 7100, 7200
Key Support Zones: 6100, 6000, 5900
Australia 200 (AU200AUD) Long-term Trend: Bullish
Australia 200 is making an upward move. The index rebounded and has risen to level 6600. On October 16 uptrend, a retraced candle body tested the 38.2% Fibonacci retracement level. This indicates that the index will rise and reach level 2.618 Fibonacci retracement level. In other words, the index will rise and reach level 7034.50.
Daily Chart Indicators Reading:
The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend. It has risen to level 70 of the Relative Strength Index period 14. This indicates that the market is in the uptrend zone and above the centerline 50.
Australia 200 (AU200AUD) Medium-term Trend: Bullish
On the 4- hour chart, Australia 200 is in an upward move. On November 9 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The index is expected to rise to level 1.618 Fibonacci extension. That is the market will rise and reach level 6848.60.
4-hour Chart Indicators Reading
AU200AUD is above the 40% range of the daily stochastic. The index is in the approaching overbought region. The 21-day SMA and the 50-day SMA are sloping upward indicating the current uptrend.
General Outlook for Australia 200 (AU200AUD)
Australia 200 is making an upward move. Presently, the upward is facing resistance at level 6600. A break above the resistance will propel the index to reach the projected price, According to the Fibonacci tool; the market will reach level 6848.60 or 7034.50.
Note: Learn2.Trade 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.