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Big movement possible on BTCAUD after a breach of 31160.8496

BTCAUD has broken through a line of 31160.8496 and suggests a possible movement to 31794.8828 within the next 19 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.

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

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