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Daily Technical Report 12-6-2024

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DOLLAR INDEX

DXY

The US Dollar Index is moving within a wide sideways range between the support zone at 104 and the resistance zone at 105.55. If the resistance zone at 105.55 is broken to the upside, the target may be 106.35.

Support

104.50 104 103.60
Resistance 105.35 105.55

NASDAQ

NASDAQ

The Nasdaq index has broken through its main peak upwards, confirming the dominance of buying power and opening the way for targeting new highs. However, it is noticeable that momentum indicators have lost strength in previous trading sessions. Therefore, if prices are unable to stay above the 19100$ level, it is likely that we will retest the support area at 18875$.

Support

19100 18875 18705
Resistance 19280 19350

19450

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