The Asian markets are rangebound as market participants await the outcome of the U.S-China Trade negotiations and another busy week for the U.S markets.
Economic data that might affect the price action today:
Let's have a look at the technical charts for the Wall Street 30:
The short-term pullback was expected as highlighted in the previous Wall Street Wednesday Note and there might be more downside to come if Jobs numbers disappoint on Friday.
Looking at the Daily Chart of the Wall Street 30 index we can see our previous target price lower was just missed at 25592 which is the current support level to watch. A possible target price higher might be at 26294 if all fundamental factors playout on a positive note.
Source – MetaTrader5
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