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FRA40 – approaching a price line that has been previously tested numerous times in the past

FRA40 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 27 days and may test it again within the next 18 hours.

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We expect OJ to trend upwards today with a 75% chance.

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Breach of 0.6974 could mean a start of a bullish trend on AUD/USD

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