AUS200 has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 18 days and suggests a possible target level to be around 7108.8865 within the next 3 days.
AUS200 – breach of a trending resistance line that has been tested at least twice before.
