Finally something has moved with the Australian dollar moving up through the key 0.77 level to an eight month high above 0.7750 and only pips away from its highest level since November 2016. ASX200 To the more boring thing first. The ASX200 index continues to move between 5650 and 5800. The selling pressure / resistance […]
AUDUSD to Eight Month High – Market Update Read More »
ASX200 The ASX200 index seems a little confused, as it moves back and forth between 5650 and 5800. The selling pressure / resistance continues at 5800 as the index repeatedly gets pushed back from around this level. Again, with the resistance in place and playing a significant role, the key level of 6000 seems so
Reluctance to Move Higher – Market Update Read More »
ASX200 The recent support at 5600 has paid off as the index has been able to rally back again towards the key 5800 level before running into further selling pressure / resistance at this level. It was able to rally above the previous trough (low) a few weeks ago around 5650, however yet again the
Attempts to Move Higher – Market Update Read More »
ASX200 After showing some fight last week moving back through the key 5800 level, the ASX200 has since drifted lower and been forced back down below this level. It continues to be well supported by buying above 5600 and it has been able to rally above the previous trough (low) a couple of weeks ago
Rather Quiet – Market Update Read More »
