AUS200 has broken through the support line of a Pennant 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 3 days and suggests a possible target level to be around 7075.6088 within the next 6 hours.
AUS200 – breach of a trending support line that has been tested at least twice before.
