FOREX Technical Analysis: USDOLLAR Soft Resistance at 9977
Chart Prepared by Jamie Saettele, CMT
FOREXAnalysis: The USDOLLAR has spent the month trading sideways. With this in mind, it’s possible that a triangle began in December. In that event, the December range would tighten for at least another week before the index breaks below 9917 probably tests 9866.
FOREX Trading Strategy: Nothing.
LEVELS: 9866 9891 9917 9977 10013 10044
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail firstname.lastname@example.org. Follow me on Twitter for real time updates @JamieSaettele
Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.
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.