USDOLLAR Breaks Below Yearlong Trendline
Prepared by Jamie Saettele, CMT
The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) has traded below its yearlong trendline support, leaving immediate focus on the April low at 9816. 9900 and 9930/50 are now resistance in the event of a rally and the trend should be considered down against 10000.
LEVELS: 9672 9738 9816 9900 9930 9950
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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