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

FRA40 is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 7 days and may test it again within the next 13 hours.

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We expect a $182.322 movement on LE within 4 hours following the release of RBA Interest Rate Decision.

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We expect SI to trend downwards for the next 2 hours.

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