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Big movement expected on AUS200 after a breach of the support

AUS200 has broken through a support line of a Channel Up and suggests a possible movement to 6963.0356 within the next 5 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 21 days.

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We expect S to trend upwards right now.

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