(NAS 100) hits another high
The Nasdaq (NAS 100) closed at another record as investors see a path to clarity for the Fed. On the chart, the price is reaching 23000 as bullish momentum continues to attract buyers. However, a bearish RSI divergence could indicate a deceleration in the rally and might lead to a pullback if traders start to take profit. 22500 is the closest support at the recent gap, and its breach would send the index to 22150 at the end of a previous consolidation.
EURUSD remains bullish
The euro took a break from moving towards more multi-year highs but remains bullish. The pair has been fluctuating between higher and lower levels since last Friday’s NFP data, which reported positive job numbers for the US. 1.1800 is the first hurdle for bulls, and as the RSI ventures away from the overbought area, the recent double bottom could serve as firm support at 1.1720. 1.1875 is the next key level should the bullish extension continue.
AUDUSD stays congested
The US dollar continues to gain traction across the board after last week’s job numbers. The current rebound from the 0.6590 top has kept momentum to the downside. Now that buyers are seemingly out of the picture, the path is mostly clear for a move lower towards 0.6500. The recent rally may need some breathing room as the RSI falls from the overbought area, with 0.6560 serving as a fresh resistance.
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