AUS200 has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 6970.0255 may materialize within the next 8 hours.
Related Posts
A final push possible on FRA40 as it starts approaching a price line of 7622.5000.
A strong support level has been identified at 7622.5000 on the 1 hour FRA40 chart. FRA40 is likely…
US30 seems to be on its way to support – a possible opportunity?
US30 is heading towards a line of 39466.0000. If this movement continues, the price of US30 could test…
After testing 8109.0000 numerous times, UK100 is once again approaching this price point. Can we expect a bearish trend to follow?
UK100 is moving towards a support line. Because we have seen it retrace from this level in the…