AUS200 – resistance line breached

Past performance is not an indicator of future results.
AUS200 has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 9 days and suggests a target line to be around 6238.7514 within the next 2 days.