Thu, Mar 30, 2023 @ 08:51 GMT
HomeContributorsTechnical AnalysisDow Jones 30 Tests Critical Support

Dow Jones 30 Tests Critical Support

The Dow Jones 30 slips as strong economic data may allow the Fed to stick to its high rate policy. On the daily chart, the index is struggling to hold on to its gains from the past three months. A break below 33000 would cause a retest of the lower band of the current consolidation and December’s low of 32500. A break below this major floor would force more investors to unwind their positions, triggering a broader sell-off. 33200 is the immediate resistance should buyers start to make their way back.

At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading