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AUS200 has broken through a level it has tested 5 times in the recent past.

AUS200 has broken through a resistance line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 7579.7998 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

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Supports and resistances are primary concepts of technical analysis. AUD/USD is heading for an important price of 0.6618 – read about what this could mean for the future.

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