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USDOLLAR Testing Range Low

USDOLLAR Testing Range Low

2013-06-12 22:54:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR Testing Range Low

Chart Prepared by Jamie Saettele, CMT using

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: The USDOLLAR is again testing channel support as well as last week’s low. As is the case with the EURUSD, GBPUSD, USDCHF, and USDJPYUSD weakness is mature and at a level where a rally attempt would ‘make sense’. For the USDOLLAR, that level is the March/April range.

FOREX Trading Strategy: Flat

LEVELS: 10443 10479 10517 10629 10671 10700

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

To contact Jamie e-mail jsaettele@dailyfx.com.  Follow me on Twitter for real time updates @JamieSaettele

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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