USDOLLAR Bounces from Structural Support-9750 Short Term Support
300 Minute Bars
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has bounced from just above a level that one would expect to provide support. The level is 9676, which is wave iv of 3 within the advance from 9323. The 61.8% retracement of the rally from the low comes in at 9634 as well. Look higher near term into 9906. 9750 is short term support.
Trend Strength (M,W,D) – 1, 0, (1)
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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