ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)

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Australia 200 keeps struggling with 6,000 resistance which it needs to overcome soon in order to call off a double top that has been forming. A lower high in the RSI suggests upward momentum starting to weaken. Initial support near 5840 then 5760 -5600  with next measured resistance on a breakout near 6,210.

 

Gecici

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk