USDollar Focus on Former Resistance Near 9900
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) closed below its potential channel support and 20 day average today to return focus to the 2/22 high at 9896 and 2/29 high at 9840. Resistance is now 9830/40 and today’s high at 9998 serves as the pivot.
Bottom Line (next 5 days) – ?
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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