USDOLLAR Nears November Low-Trendline is Near 9600
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is nearing the November low at 9665. A drop below 9665 exposes the next level of support, which isn’t until the trendline that extends off of the July and October lows near 9600. A move through 9794 is needed in order to trigger a bullish bias.
Bottom Line – flat
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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