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AUS200 – approaching a price line that has been previously tested numerous times in the past

AUS200 is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 13 hours.

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After testing 1.0483 numerous times, EUR/USD has finally broken through. Can we expect a bearish trend to follow?

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