AUS200 weekly price is on bullish ranging to be above Ichimoku loud. The price is located within bearish reversal support line at 8380 and resistance at 8886. Chinkou Span line of Ichimoku indicator is located to be near and above historical price to be ready for the possible bearish reversal in the future. Anyway, if the price breaks 8380 support to below on close weekly bar so the primary bearish reversal will be started, and if the price breaks resistance level at 8886 to above so the bullish trend will be continuing. Recommendation: bullish ranging within the levels; watch the price with s/r levels for possible buy or sell.
Profilo MQL5
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The price is on ranging within Ichimoku cloud for direction.
The weekly price is continuing to be ranging within s/r channel with new support level at 8243 and new resistance level at 9225:
Conclusion: ranging for direction.
Weekly price is breaking the resistance at 8886 for the 8993 as the next possible target.