The Dow Jones broke through downtrend resistance to hit 52360, eyeing further gains toward 52800.
The Dow managed to break above the downtrend resistance of 51870 to print a high around 52360 so far.
As we see over the chart, the market is facing a support zone around 51650, which if managed to hold, prices could advance toward targets 52400 and 52700-800.
The market managed to hit a few pips below support 51650 before rebounding.
Below 51650 more of a drop is likely toward 51245 and 50845.
SUPPORT | RESISTANCE | |
LEVEL1 | 51650 | 52400 |
LEVEL2 | 51245 | 52800 |
LEVEL3 | 50845 | 53350 |
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