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NASDAQ rebounds off key technical level, market awaits next move
The NASDAQ index is recovering after touching a crucial moving average technical level. Today's low reached 12015.23, briefly testing the 200-hour moving average (green line in the chart above) currently at 12016.39 (and increasing). This moving average will be vital for both buyers and sellers, as a drop below it could shift the short-term bias toward the downside. Meanwhile, the 100-hour moving average, now at 12076.62, was surpassed earlier today, and traders are now closely monitoring this l...
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Posted: May 2 2023, 17:02
Author Name: forexlive
Views: 081871