Australia 200Updated PBOC is strong with this one
If the triangle breaks above 7155 on volume: bullsih, otherwise it can break down to 6915 first then 6600 - 6800.
Note
Although we broke new highs to 7200 it fizzled quickly on very low momentum/volume. Friday brought some deleveraging before the weekend but this may rise higher on more central bank news and the recent rate cut next weekWeekly chart is still higher highs + higher lows, waiting for an overbought signal on oscillators probably in the 7250-7300 range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.