AUS200 has broken through a support line of a Rising Wedge and suggests a possible movement to 8070.3180 within the next 8 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 58 days.
AUS200 broke through a support at 2024-10-21T06:00:00.000Z, with the price momentum continuing to move in an downward direction over the next hours, good opportunity presents itself with the price expected to reach 8070.3180.
