ASX is growing its four-day winning streak and is trading at 7,185.3, gaining 23.6 points.

ASX is off to a good start after gaining 0.33% – now trading at 7,185.3.

Australia Employment Change data will be released today at 01:30 UTC, with an expected improvement to 15,000 (previous figure was -4,300).

Bollinger Band® analysis indicates that current price action is approaching the upper band at 7,289, thereby suggesting that ASX 200 is becoming overvalued.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates ASX is set for a reversal in the coming days.

ASX shows positive signs, other assets are also on par: CAC gained 0.52% and is currently trading at 7,328.53.

Meanwhile, Dow Jones is down to 33,979, losing 220.67 points, after closing at 34,200 in the preceding trading session. Hang Seng closed at 19,400 (down 0.58%).

Moreover, macro data could boost sentiment further as Australia Employment Change is projected to outperform its last figure with 15,000, having previously been at -4,300. The figure will be published today at 01:30 UTC.

Furthermore, the market is looking at Australia Unemployment Rate figure is projected at 3.7. It previously stood at 3.7; data will be released today at 01:30 UTC. Australia CFTC AUD speculative net positions scheduled to come out tomorrow at 20:30 UTC.

Trading mostly sideways for a month. Over the past 4 months, ASX has retreated 5.24% from a noteworthy peak of 7,558.