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S&P 500 Asia Price Forecast: Index prints fresh all-time high

  • The S&P500 uptrend remains intact as the market is pushing to new all-time highs. 
  • The level to beat for bulls is the 3400 resistance.
 

S&P500 daily chart

 
The S&P500 Index is trading in an uptrend above its main daily simple moving averages (SMAs). The market is grinding up, printing fresh all-time high while approaching the 3400 figure. A break above the above-mentioned level could lead to a bullish extension towards 3450 and the 3500 figure. Support is seen near 3350 and 3300 levels. 
 

Additional key levels

 

New Zealand REINZ House Price Index (MoM): 0.6% (January) vs 0.5%

New Zealand REINZ House Price Index (MoM): 0.6% (January) vs 0.5%
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AUD/USD remains under pressure around 0.6720 with eyes on RBA minutes

AUD/USD declines to 0.6713 at the start of Tuesday’s Asian session. In doing so, the Aussie pair registers the fourth consecutive negative day.
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