USDollar Ticks Away from 6 Month Highs
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) broke through the base channel last week, and trendline that extends off of the October and November highs today. Focus is on the October high at 10134. Support for Thursday is 10040 and risk on longs should be kept to this week’s low of 9969.
Bottom Line (next 5 days) – higher
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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