Expected Scenarios for the Australian AUS200 Index

The Australian index is currently in an upward corrective movement

following the recent sharp decline.

The current corrective movement is expected to continue

towards the upper supply zones

which are located near the 8786.99 level.

Expected Scenarios

Scenario 1: A renewed decline and return to the downtrend

The targets for this decline would be the levels indicated

on the chart, which are at 8700 and 8600.

Scenario 2: Continued upward movement towards the next supply zones

which are located near the 9026 level

but only if a daily candle closes above the current supply zones,

specifically, a daily candle closes above the 8886.90 level.