Asia Pacific Indices

Australia 200’s advance has stalled near 5,380 a 50% retracement of the previous downtrend while RSI suggests upward momentum levelling off. Initial support possible near 5,340 then 5,310.

Japan 225 continues to drop back in a normal trading correction, falling under 18,905 back toward 18,800 with next potential support near 18,700 a Fibonacci level. RSI slipping but confirms underlying uptrend intact for now.

Hong Kong 43 has dropped back to retest 23,000 as support after running into resistance near 23,415 in a common trading correction working off an overbought RSI with next support possible near 22,650.

Hong Kong China H continues to drop back from 11,000, falling into the 10.630 to 10,680 area in what looks like a normal trading correction within an uptrend. Fibonacci support in place near 10,390.

India 50 keeps rolling over, falling under 8,280 into the 8,230 to 8,250 area with next potential support near 8,190 and 8,080. RSI suggests upward momentum fading

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