USDOLLAR 10000 Level of Interest as Support
Prepared by Jamie Saettele, CMT
“The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is testing the April high (10038) as support. This level is reinforced by the 60 day average (I’ll look at moving averages that make sense to me…such as 20, 60, 120, 240, which are roughly 1 month, 3 months, 6 months, and 12 months). A stronger support area if reached would be the 61.8% retracement of the advance from 9816 at 10010. This level is reinforced by channel support.
LEVELS: 9955 9975 10010 10070 10111 10144
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail firstname.lastname@example.org. 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 email@example.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.