USDOLLAR Fails at Highs – Support Near 9900
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) rally has failed before the October highs and near term focus is on support from the October-November trendline and former resistance just above 9900. Near term resistance is now 9992 and the downside favored below yesterday’s high of 10069.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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