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LTCAUD is currently testing a level of 98.9900. Will the breakout continue or will things reverse?

LTCAUD has broken through a line of 98.9900 and suggests a possible movement to 105.2280 within the next 3 days. 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 13 days.

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