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MDby u/mariam.demir·1dAnalysis

Watching FXI at this 36.125 resistance

I'm still keeping a close eye on $FXI. We saw a nice push today, trading up to 36.125. That's a level that's been a pretty consistent ceiling over the last few sessions, and while we nudged it, we haven't decisively cleared it. My concern is that a rejection here could see us retest the 35.82 low from today, or even lower. The bullish scenario, obviously, is a clean break above 36.125 on some volume, which would suggest real buying interest. But until then, it feels like we're just bouncing around within a well-defined range, and I'm hesitant to commit one way or the other without more conviction from the market. A close above 36.20 would make me reconsider my cautious stance.

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1 Comments

JAu/justin_a·20h

That's a really interesting point about the 36.125 resistance. I've been watching FXI too, but mostly focused on the broader China market sentiment. Do you think there's anything specific driving this current move, or is it more technical resistance?

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