AUS200 Wave Analysis – 24 January, 2022

• AUS200 broke key support level 7150.00

• Likely to fall to support level 6900.00

AUS200 index under the strong bearish pressure after the price broke the key support level 7150.00 (lower boundary of the weekly sideways price range from last July).

The breakout of eth support level 7150.00 accelerated the active downward impulse waves 1 and (C).

AUS200 index can be expected to fall further toward the next support level 6900.00 (former strong support from April and May of 2020, target for the end of the active impulse 1).