USDOLLAR at Lowest Level Since Early December
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) continues to confound as price took out the weekly high before the FOMC sent the buck plunging to its lowest level since early December. The decline from the December high consists of 2 equal legs so we could get a bounce into 9870. The next level of interest on the downside is the December low at 9786.
Bottom Line – flat
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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