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Dow Jones Technical Analysis

On the daily chart below, we can see that as the price rallied back into the resistance zone near the 34477, it got rejected and started to fall towards the 32684 support. The red long period moving average acted as resistance for the buyers and offered the sellers good entry points on pullbacks. The main culprit for the selloff was the more hawkish repricing in interest rates expectations as US economic data this month surprised to the upside and made the market to reconsider an imminent Fed pa... Read More

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Forex

Posted: May 26 2023, 09:04

Author Name: forexlive

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