Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
ASX 200 Remains in Range

ASX 200 Remains in Range

Nathalie Huynh, Contributor

Talking Points:

  • Strategy: Wait out the range-bound period
  • Upper and lower boundaries at 5293 and 5074 likely hold firm
  • Momentum signals stay mixed

The ASX 200 continued to trade sideways between a support level at 5074 and a resistance level at 5293. Momentum signals and SSI remain mixed with little hint on future direction. Therefore the index may trade in a range for some time.

Range traders could investigate the potential of short position if ASX 200 could reach its upper bound. On the other hand, medium and long term traders should wait out this consolidation until a new direction develops. Mixed momentum signals are the hindrance so far.

Need a hand to start trading: Free Guides

Want to read market’s momentum: Speculative Sentiment Index

Daily Chart - Created Using FXCM Marketscope

Losing Money Trading Forex? This Might Be Why.

--- Written by Nathalie Huynh, Strategist for

Contact and follow Nathalie on Twitter: @nathuynh

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.