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

AUS200 is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 26 days and may test it again within the next 5 days.

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We expect a 0 pip movement on 6M within 48 hours following the event release.

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We expect CL to trend upwards today with a 75% chance.

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