USDOLLAR Pops; Resistance Estimated at 10643
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The USDOLLAR has bounced from the topside of the former corrective channel that formed in late 2012. Today’s advance reversed at the line that extends off of the 5/29 and 6/10 highs. Exceeding that level opens up 10643/73 (will be monitoring these levels for the USDJPY trade).
FOREX Trading Strategy: Flat
LEVELS: 10391 10443 10491 10586 10643/73 10721
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail firstname.lastname@example.org. Follow me on Twitter for real time updates @JamieSaettele
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.