USDOLLAR Support Estimated at 10323-10365
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The expected USDOLLAR dip appears to be underway. In fact, a short term head and shoulders top was confirmed on Friday. The objective for the topping pattern is 10323, which happens to be the 2012 high. The 2/25 low is also of interest as support. In summary, look lower towards 10323/65 before thinking about buying a dip.
FOREX Trading Strategy: Flat
LEVELS: 10323 10365 10413 10514 10576 10611
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.