ASX 200 pauses beneath highs but bulls retain edgeAustralia 200 CFDFOREXCOM:AUS200FOREXcomOur ASX 200 contract continues to consolidate just beneath the record highs, trading in a well-defined range that can be used for setup construction. Longs could be considered on retracements towards 8900 with a tight stop underneath for protection, targeting 9050 resistance, the top of the existing sideways range. While RSI (14) and MACD have come off their earlier highs, indicating upside strength is waning, both are generating more cautionary signals for longs rather than an outright bearish message for shorts. Buying dips is still marginally favoured, especially with the price remaining above the 50, 100 and 200-day moving averages. Good luck! DS