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US Dollar Forex Trading Program: 06/05/2013

US Dollar Forex Trading Program: 06/05/2013

Jamie Saettele, CMT, Sr. Technical Strategist

The near term USDOLLAR picture is coming into focus. With 3 waves down from the high, it’s possible that Monday’s low composes the bottom of the next range. In fact, the advance from 10643 is impulsive (5 waves), which presents the opportunity to buy weakness (which we now have). Resistance in the coming days is 10789. I'm looking for a USD low at nearby levels, specifically

GBPUSD 1.5410/45

USDCHF .9333/47

USDJPY now? or 98.60?

Follow me on Twitter @JamieSaettele

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