USDOLLAR Trendline Support Fails
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) trendline support has failed thus focus is on the December low at 9785 and early 11/9 low at 9665 (200 day average is just above). A bounce from here encounters resistance at 9900 and 9920 and bears are firmly in control below 9963.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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