USDOLLAR Attempting to Put in an Important Low
300 Minute Bars
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has is attempting to put in an important low (likely a 2nd wave low). A break above 9696 is needed in order to confirm that a low is in place. Until then, the rally from 9585 is viewed as corrective and a final drop below 9585 favored (see short term channel).
Trend Strength (M,W,D) – 1, 0, (1)
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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