ASX to see a limited rally?

OANDA:AU200AUD   Australia 200
ASX200 - 24h expiry - We look to Sell at 7160 (stop at 7210)

We are trading at overbought extremes.
This is negative for sentiment and the downtrend has potential to return.
The hourly chart technicals suggests further upside before the downtrend returns.
The 200 day moving average should provide resistance at 7175.
Preferred trade is to sell into rallies.

Our profit targets will be 7020 and 6980

Resistance: 7145 / 7320 / 7600
Support: 7000 / 6860 / 6660

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