ASX being held up by ascending support lines!
ASX is being held up by ascending support lines where it a potential bounce on weakness at 6009 (23.6% Fibonacci retracement) could occur. This could cause price to rise to its resistance at 6112 (100% Fibonacci extension, horizontal swing high resistance).
RSI (55) is being held up by a corresponding ascending support line and the ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias.
RSI (55) is being held up by a corresponding ascending support line and the ichimoku cloud is showing signs of bullish pressure which contributes to our bullish bias.
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