USDollar Reverses at Channel Resistance
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) rally from the 2/8 low reversed right at channel resistance and former support from the early January lows. The strong level should give way to weakness towards the support line that extends off of the August and October 2011 lows.
Bottom Line – flat
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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