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US30 – approaching a support line that has been previously tested at least twice in the past

US30 is moving towards the support line of a Falling Wedge. Because we have seen it retrace from this line before, 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 2 days and may test it again within the next 11 hours.

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After testing 0.6762 numerous times, AUD/USD is once again approaching this price point. Can we expect a bearish trend to follow?

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EUR/NZD Target Level: 1.7449

EUR/NZD Target Level: 1.7449

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