AU200AUD to form a higher low?AU200AUD - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 7800 will confirm the bullish momentum.
The measured move target is 7850.
We look to Buy at 7760 (stop at 7720)
Our profit targets will be 7860 and 7885
Resistance: 7800 / 7835 / 7850
Support: 7775 / 7760 / 7750
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