ASX 200 Technical Analysis 02.02.2024

ASX 200 (Australia Stock Exchange) is currently trading at the 7692 level. Analyzing the weekly chart, we can see that the all time high level is broken to the upside. If closing prices remains above the 7633 level, which is the all time high level, we can expect the strong move to continue in the upcoming weeks. Also the RBA will announce it's interest rate decision next week dated at February 6. On the other hand, if we see a pullback, 7630 can be followed as support.