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AUS200 likely to test 7681.0000 in the near future. Where to next?

The movement of AUS200 towards 7681.0000 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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Supports and resistances are primary concepts of technical analysis. AUD/USD is heading for an important price of 0.6481 – read about what this could mean for the future.

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