Mon, Mar 27, 2023 @ 23:36 GMT
HomeContributorsTechnical AnalysisNasdaq 100 Breaks Resistance

Nasdaq 100 Breaks Resistance

Equities found relief after the SNB came to the rescue of Credit Suisse. A bullish RSI divergence showed a slowdown in the sell-off momentum. A brief drop below the daily support of 11820 was followed by a swift bounce above 12050, easing the selling pressure. The index surged above the support-turned-resistance of 12320, prompting sellers to cover and paving the way for a sustained recovery towards 12740. In case of a pullback, the base of the latest impetus at 12220 is key in keeping the bulls hopeful.

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