Best Buying Zones for the Australian Index in the Long Term

The Australian index is currently trending downwards on the daily timeframe and may target the lower demand zones near the 8421 level.

The identified daily demand zones are considered the best buying opportunities currently available for the index, which could trigger a rebound.

Expected Targets

If the index falls to the identified demand zones near 8421, a rebound is expected, targeting 8550 and 8700 respectively.

However, this analysis and the anticipated upward movement will be invalidated if the daily candle breaks and closes below the identified demand zones.