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A possible move on ASX 200 as it heads towards resistance

ASX 200 is heading towards the resistance line of a Channel Down and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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