AUS200 has broken through a support line of a Channel Up and suggests a possible movement to 7229.7294 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
Nikkei 225 likely to test 31080.0000 in the near future. Where to next?
Nikkei 225 is moving towards a support line. Because we have seen it retrace from this level in…
Resistance line breached by FTSE 100. This price has been tested at least twice before.
FTSE 100 has broken through a resistance line. It has touched this line at least twice in the…
Could a large bearish move on CAC 40 be a sign of things to come?
CAC 40 hits 6884.0 after a 15.93% move spanning 22 days.