Technical analysis
AUS200 Wave Analysis – 22 April, 2022
April 22, 2022 @ 09:48 +03:00
![AUS200 Wave Analysis – 22 April, 2022 AUS200 Wave Analysis – 22 April, 2022](https://fxpro.news/wp-content/uploads/2021/01/index.jpg)
• AUS200 index reversed from resistance level 7615.00
• Likely to fall to support level 7430.00
AUS200 index recently reversed down strongly from the long-term resistance level 7615.00 (which has been reversing this index from last August).
The downward reversal from the resistance level 7615.00 created the daily candlesticks reversal pattern Evening Star Doji – which started the active correction (ii).
Given the clear bearish divergence on the daily Stochastic – AUS200 index can be expected to fall further toward the next support level 7430.00 (target for the end of the active correction (ii)).
![](https://fxpro.news/wp-content/uploads/2022/04/aud200-primary-analysis-apr-22-0823-am-1-day-1024x479.png)