USDOLLAR Interim Supports at 10011 and 9951
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) reversed (like everything else) yesterday. Weakness from the top is probably the beginning of a 4th wave correction that will last throughout October. On balance, this means that the USDOLLAR will trade sideways to down. Watch the steep channel and 9950 for interim supports.
Trend Strength (M,W,D) – 1, 2, 2
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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