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AUS200 – breach of price line thats been previously tested numerous times before

AUS200 has broken through the resistance line of a Resistance. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 6 days and suggests a target line to be around 7335.2002 within the next 16 hours.

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We expect 6M to trend upwards today.

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NAS100 moves higher to 14,878 in the last 41 days.

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