SroshMayi

USNAS100 - 4H (RESISTANCE LINE & FED & PEAK PRICE)

OANDA:NAS100USD   US Nas 100
USNAS100

The price reached our target perfectly, and as we mentioned pushed up about 2.00%, and reached the strong resistance line which was 16410

Today will be sensitive due to the FOMC, and the interest rate expected for the previous result is 5.50% fixed, so that will cause volatility because after the fed rate Jerome Powell will speech about the next rate and the situation of inflation, then the direction will be clear,

closing 4h candle above 16400 will support the price to reach the peak price which is 16660
but as long as trades under 16410 the falling situation is active to get 16315 and then 16190

pivot line: 16410
Support price: 16300 & 16190 & 16050 &
Resistance Price: 16560 & 16660 & 16780

Its range for Today will be between 16190 and 16560

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