AUS200 How formidable is that 2 year resistance?
Updated
With some indices breaking out to new highs in regular fashion, I am left wondering if the AUS200 will join the party on a break of the 2 year descending resistance hovering above. If it does, there is no visible resistance until the 2007 top at 6.581
Note
Resistance broke, however given RSI divergence my conviction to the upside is very low. Breakout could be a head fake.Note
Breakout is gathering pace. After clearing 05/02/2008 swing high of 6.022 the next major resistance is 6.581 as noted in original analysis
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