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28.04.2016 12:52 -
AUS200.I
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AUS200.I
The initial reactions on the shocking CPI figures were very positive as AUS200 rallied more than 50 points but this spike did not last long. After falling short of the recent swing high 5,289, AUS200 made a 100 points reversal driven by heavy declines from the big four banks.
Similar to the AUDUSD, we see yesterday’s selloff as a significant price action which may suggest more downside momentum to come in the coming weeks. The resistance level would be at 5,240 and the support level is the yesterday’s low 5,164
цитирайThe initial reactions on the shocking CPI figures were very positive as AUS200 rallied more than 50 points but this spike did not last long. After falling short of the recent swing high 5,289, AUS200 made a 100 points reversal driven by heavy declines from the big four banks.
Similar to the AUDUSD, we see yesterday’s selloff as a significant price action which may suggest more downside momentum to come in the coming weeks. The resistance level would be at 5,240 and the support level is the yesterday’s low 5,164
