The breakout of AUS200 through the 7239.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of AUS200 to test 7354.5000 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
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.
DAX 40 likely to test 22702.6992 in the near future. Where to next?
The movement of DAX 40 towards 22702.6992 price line is yet another test of the line it reached…
Because CAC 40 formed a Falling Wedge pattern, we expect it to touch the support line. If it breaks through support it may move much lower
CAC 40 is moving towards a support line which it has tested numerous times in the past. We…