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US30 Fails to Rally Ahead of The News – Technical Breakdown | Indices

Published: 01.09.2023
by Joseph Jeffriess

Today’s focus: US30

Pattern – LH
Support – 34,560
Resistance – 35,030

• Price set a new failed high, pressuring the current rally
• US Employment data at due 8:30 am

Today, we look at the technicals and price action of the US30 after yesterday’s selling set up a failed rally that could become a new lower high.

We don’t have a directional bias at the moment, but we feel there are a few things to mention and watch heading up to today’s NFP data. Could weaker data support buyers, and if we see higher than expected data, could this maintain rates worries and drive the price lower?

Have a great day and good trading.

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