USDOLLAR Channel Resistance Near 10650
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 well below the levels registered at the March price highs. 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: 10442 10505 10543 10579 10608 10650
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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