USDOLLAR Rallies but Still Faces Tests Before 2012 High
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The USDOLLAR has broken through nearly 5 month channel resistance and is nearing the 2012 high of 10323. Steeper, shorter term channel resistance looms just above the current level. It may take a few attempts to break through or even reach 10323 but any setbacks are viewed as buying opportunities against 10133.
FOREX Trading Strategy: Long against 10133.
LEVELS: 10149 10186 10213 10249 10323 10400
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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