USDollar Faces Test at Trendline Resistance
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) broke through the base channel on Friday and now faces resistance from the trendline that extends off of the October and November highs. A break through this trendline would be most impressive and shift focus to the October high above 10100.
Bottom Line (next 5 days) – higher
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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