Mini-dollar contracts (WDOM24), expiring in June, closed the last session positive, registering an increase of 0.94% to 5,147 points.
Thus, based on last Thursday’s closing, at 5,147 points, technical analyst Rodrigo Paz points out as supports 5,136/5,132 (1), 5,118 (2) and 5,089 (3). Meanwhile, resistance is in 5,160/5,167 (1), 5,173.5 (2) and 5,187 (3).
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Based on the 15-minute chart, you can see that the mini-dollar contract has tested resistance in the 5,187 points, where we can observe the performance of the sales end, which intensified the sales flow after activating the double top.
“For today (Friday), it is important to pay attention to the support region of 5,136/5,132 – double top target. Furthermore, for the asset to continue its rise, it is extremely important that it does not lose this support region. If trading continues above this region, we will have targets in 5,162/5,167 points. However, if this support is lost, the asset must seek 5,118 points”, he states. It is important to pay attention to the main support ranges. If the sales flow resumes and breaks the 5,136/5,132 points, can boost the sales flow, in order to seek the range of 5,118 with a longer target in the region of 5,089 points. But, if the buying end remains strong, it will boost the asset towards resistance levels. 5,162/5,167 and further up in 5,173.50.
Dollar Futures (WDOK24): 60-Minute Chart
Analyzing the 60-minute chart, it is possible to observe that the minidollar closed high in the last session, in addition to the asset continuing above its upward trend line (LTA), demonstrating an intention on the part of buyers. We may see this increase continue if the asset breaks the resistance of the 5,187. However, if the selling flow enters, the asset may make a correction until the 5,136/5,132 points, relevant support region that cannot be lost. If it loses this support region, the asset may seek lower regions in 5,118 points.
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“For the asset to continue the buying flow, it must overcome the region of 5,187 points renewing top, to then aim at the target of the range 5,205 points. The longer goal will be the range of 5,234 points. However, attention is needed in the support region of the 5,136/5,132 points that cannot be lost”, says analyst Rodrigo Paz.If it loses the support of 5,136/5,132you should look for the 5,118 points. If broken, you should look for the region of 5,089with a longer target in 5,075 points.
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