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AUS200 has broken out from the Rising Wedge pattern. Expect it to hit 7454.6358 soon.

The last 18 1 hour candles on AUS200 formed a Rising Wedge pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 7454.6358.

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Supports and resistances are primary concepts of technical analysis. ETHUSD is heading for an important price of 2194.8899 – read about what this could mean for the future.

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