USDOLLAR Tests Important Highs – Break Targets 2011 High
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is putting highs from the last several months to the test. In the event of a break higher, focus shifts to the channel resistance and the January (and 2011) high at 10217). 10040, 10005, and 9982 are now supports. The Monday low at 9870 serves as the pivot going forward.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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