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DAX40 – getting close to support of a Channel Down

DAX40 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If DAX40 continues in its current trajectory, we could see it reach 16423.5000 within the next 20 hours.