Either a rebound or a breakout imminent on Australia 200 Index
Australia 200 Index is heading towards the support line of a Falling Wedge. If this movement continues, we expect the price of Australia 200 Index to test 7268.2800 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
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