USDOLLAR Faces 20 Day Average
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is at resistance from former support and the 20 day average. Is a low in place? Maybe but I wouldn’t chase the rally at this level. Look lower over the next 1-2 days towards 9876. Action around there should tip us off to the next move.
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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