Australia: Hourly ASX 200

The ASX 200 Hourly chart shows a sharp rally and we can expect a test of 4300/4320 tomorrow. Breakout would signal an advance to 4450*. Reversal below the trend channel is unlikely, but breach of support at 4250 would warn of another correction.

ASX 200 Index Hourly Chart

* Target calculation: 4300 + ( 4300 – 4150 ) = 4450