ASX is held up by its ascending support line where a potential bounce on weakness at 5873 (100% Fibonacci extension 23.6% Fibonacci retracement, horizontal swing low support) could occur. Price could rise all the way up to its resistance at 5941 (61.8% Fibonacci extension, horizontal swing high resistance) or to 5987 (100% Fibonacci extension, horizontal swing high resistance).
RSI (89) is held up by the same ascending support line and the ichimoku cloud shows signs of bullish pressure which contributes to our bullish bias.
RSI (89) is held up by the same ascending support line and the ichimoku cloud shows signs of bullish pressure which contributes to our bullish bias.
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