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Breach of support could mean a start of a bearish trend on UK100

UK100 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of UK100 to test 7075.9408 within the next 6 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.

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After testing 0.6740 numerous times, AUD/USD is once again approaching this price point. Can we expect a bearish trend to follow?

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