USDOLLAR Holding Important Support on Weekly Basis
Prepared by Jamie Saettele, CMT
Bigger picture, the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) continues to make higher highs and higher lows while still feeling like it’s not really going anywhere. This psychology is necessary in order to produce a strong breakout and linear type of rise. Resistance near the current level (7/17 and 7/16 highs) may provoke a reaction lower but expect support at 10100.
LEVELS: 10075 10100 10120 10166 10223 10323
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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