The Australian 200 stock index continues to move higher, despite weakness in the states. A fiscal boost from China could be helping to spur the high risk index higher. Weaker Aussie employment data could also lead to a less aggressive RBA.
From a technical perspective, price is nearing a key resistance level at the 61.8% Fibonacci level and the 200-day SMA. The RSI is in overbought territory and price is more than 5% above its 50-day SMA, which called a top previously. 7.3k is the level to watch for an upside breakout, while a rejection and roll over would bring the 7k and 50% Fibonacci level into play.
From a technical perspective, price is nearing a key resistance level at the 61.8% Fibonacci level and the 200-day SMA. The RSI is in overbought territory and price is more than 5% above its 50-day SMA, which called a top previously. 7.3k is the level to watch for an upside breakout, while a rejection and roll over would bring the 7k and 50% Fibonacci level into play.
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.