AUS200 has broken through a line of 7251.0000 and suggests a possible movement to 7169.2998 within the next 9 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.
Related Posts
Breach of support could mean a start of a bearish trend on FTSE 100
You would be well advised to confirm the breakout that has just occurred – do you believe the…
US 500 keeps moving closer towards 5896.3398. Will it finally breach this level?
US 500 is moving towards a support line. Because we have seen it retrace from this level in…
US 500 – approaching a resistance line that has been previously tested at least twice in the past
US 500 is moving towards a resistance line which it has tested numerous times in the past. We…