FxMarketStrategy

US-30 in a strong upward channel

OANDA:US30USD   US Wall St 30
Dow Jones is moving in an upward channel, we have a horizontal support line at 30K price level and a resistance line turned to be support line and a broken support at 31K area. it tested the lower band of the channel at 30839 price level. US-30 is heading now towards the resistance line at 31K, if it breaks the line it will continue up to the upper band of the channel at a target price of 32k.

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