- Race reversed from long-term resistance level 505.00
- Likely to fall to support level 480.00
Race recently reversed down from the strong long-term resistance level 505.00, which has been reversing the price from the start of 2025, as can be seen below.
The resistance level 505.00 was strengthened by the upper daily and weekly Bollinger Bands.
Given the strength of the resistance level 505.00 and the overbought weekly Stochastic, Race can be expected to fall to the next support level 480.00.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.