USDOLLAR Key Reversal after New High
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The USDOLLAR has traded to a new high. The rally is accompanied by waning momentum however as daily RSI is below 60. Respect the potential for additional strength on balance over the next few weeks but probably into a top. A diagonal is also possible here (as it is in USDJPY).
FOREX Trading Strategy: Flat
LEVELS: 10443 10485 10506 10579 10608 10650
--- 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.