Minidollar contracts (WDOM24)due in June, closed the last session positive, registering a strong increase of 1.65%, at 5,218 points.
Thus, based on last Tuesday’s closing, at 5,218 points, technical analyst Rodrigo Paz points out as supports 5,210/5,204 (1), 5,186.5/5,169 (2) and 5,160/5,139 (3). Meanwhile, resistance is in 5,222/5,235 (1), 5,252 (2) and 5,275.5 (3).
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Based on the 15-minute chart, it is possible to notice that the mini-dollar contract is trading upwards, after a bearish sequence, and has the potential for continuation. To do this, it will be necessary to overcome the range of 5,222/5,235 points. However, it is worth paying attention, as if the asset breaks the averages downwards it may resume sales.
“For today (Thursday), it is important to pay attention to the continued purchase of the asset. To do this, you must exceed the 5,222/5,235 points. If you follow this movement and break the 5,252 points, you can intensify the flow of purchases, in order to seek the range of 5,275.5 points,” he says.
However, it is worth paying attention to the main support ranges. If the sales flow resumes and breaks the 5,210/5,204 points, can boost the sales flow, in order to seek the range of 5,186.5/5,169 with a longer target in the region of 5,160/5,139 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 5,117.5 points, resumed its upward movement, returning to trading above the averages. It has potential for continuity, and to do so it will be necessary to overcome the 5,222 point range. However, it is worth paying attention to the distance from the averages, as such movement can cause falls.
“For the asset to follow the buying flow, it must surpass the region of 5,222/5,235 points and then aim for a target in the range of 5,252/5,275.5 points. The longest objective will be in the range of 5,300 points”, says analyst Rodrigo Paz.
If the downward movement resumes, it should break the range of 5,196/5,186.5 points. If it is broken, it should aim for the 5,169/5,154 range, with a longer target at 5,139/5,117.5 points.
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