USDOLLAR Testing Range Low
Chart Prepared by Jamie Saettele, CMT using
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 USDJPY…USD 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
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.