S&P 500 Index Rises On Dovish Fed, Nikkei 225 And ASX 200 Open Mixed

Nikkei 225 Index – Daily Chart

S&P 500 Index Rises on Dovish Fed, Nikkei 225 and ASX 200 Open Mixed

Chart by TradingView

ASX 200 Index Technical Analysis:

The ASX 200 index is challenging an immediate resistance level at 7,071 (the 100% Fibonacci extension) for a third attempt. Breaching this level may expose the next key resistance of 7,260 – the 127.2% Fibonacci extension. A pullback from here may lead to a test of the ceiling of the “Ascending Channel” that it broke previously. The MACD indicator formed a bearish crossover and trended lower, suggesting that bullish momentum is fading.

ASX 200 Index – Daily Chart

S&P 500 Index Rises on Dovish Fed, Nikkei 225 and ASX 200 Open Mixed

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