Technical Update - ASX 200. Bear trend resumes
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
RSI is still negative with no divergence indicating we are likely to see a re-test of May lows. It will be a struggle to reverse that trend with strong resistance at around 7,367.
The ASX Future/AUS200 cfd has bounced somewhat on back of positive session in US Tuesday but that does not change the bearish picture.
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