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After testing support twice in the past, AUS200 has finally broken through. Can we expect a bearish trend to follow?

This trade setup on AUS200 is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 7789.7445.

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USD/CAD is currently testing a level of 1.3597. Will the breakout continue or will things reverse?

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Support line breached by Feeder Cattle May 2024. This price has been tested at least twice before.

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