Australia: ASX 200
By Colin Twiggs
August 1st, 2012 5:00 p.m. ET (7:00 a.m. AET)
The ASX 200 is rallying for another test of resistance at 4450. The hourly chart shows brief consolidation below 4300; breakout would signal an advance to 4450. Lackluster performance from the US overnight may inhibit short-term gains and reversal below 4250 would indicate a test of the rising trendline and medium-term support at 4120.
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