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

AUS200 has broken through the support line of a Support. 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 13 days and suggests a target line to be around 6660.2002 within the next 2 days.

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We expect a $8,671.875 movement on S within 2 hours following the event release at 30 Mar 07:00.

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