Minidollar (WDOK24) may follow a buying reaction if it exceeds the 5,180 point range

Minidollar contracts (WDOK24)due in May, closed the last session positive, registering an increase of 0.16%, at 5,165 points.

Thus, based on the previous day’s closing, at 5,165 points, technical analyst Rodrigo Paz points out the support 5,156/5,145 (1), 5,122/5,111 (2) and 5,104 (3). Meanwhile, resistance is in 5,174/5,180 (1), 5,196 (2) and 5,222 (3).

Based on the 15-minute chart, it is possible to notice that the mini-dollar contract is trading in a downtrend and could continue the declines. To do this, it will be necessary to break the range of 5,156/5,145 points. However, it is worth paying attention, as the asset trades between the averages and may continue a bullish recovery.

“For today (Friday), it is important to keep an eye on the possible continuation of the upward movement. To do this, you must exceed the 5,174/5,180 points. If you follow this movement and break the 5,196 points, you can intensify the flow of purchases, in order to seek the range of 5,222 points,” he says.

However, it is worth paying attention to the main support ranges. If the sales flow resumes and breaks the 5,156/5,145 points, can boost the sales flow, in order to seek the range of 5,122/5,111 with a longer target in the region of 5,104 points.

Dollar Futures (WDOK24): 60-Minute Chart

Analyzing the 60-minute chart, it is possible to observe that the minidollar, after reaching the range of 5,122 points, began an upward movement after a downward trend, returning above the averages and has the potential for continuity.

“For the asset to follow the buying flow, it must surpass the region of 5,174/5,196 points and then aim for a target in the range of 5,222 points. The longest objective will be in the range of 5,246/5,285 points”, says analyst Rodrigo Paz.

If the downward movement resumes, it should break the 5,164/1,160 point range. If it is broken, it should aim for the 5,145/5,130 range, with a longer target at 5,011/5,104 points.

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