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USDOLLAR at Interim Support

USDOLLAR at Interim Support

2012-05-28 17:48:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR at Interim Support

Prepared by Jamie Saettele, CMT

The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has reversed off of channel resistance. A break higher is ultimately expected but probably not before a much needed pullback. 10130 is interim support but 10047-10076 is a zone that of interest over the next 1-2 weeks. 10190 is resistance.

LEVELS: 10003 10047 10076 10130 10225 10309

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com.  Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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