Current rally is at a confluence of resistance represented by the intersection of July 2019 high (horizontal resistance) and wedge trend line resistance from the February 2020 high.
There may be enough momentum to break above this level but caution is advised given there are always risks of false breaks. Let's see how the markets navigate these levels in the coming sessions.
There may be enough momentum to break above this level but caution is advised given there are always risks of false breaks. Let's see how the markets navigate these levels in the coming sessions.
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