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USDOLLAR in Neutral For Now

USDOLLAR in Neutral For Now

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_us_dollar_index_body_usdollar.png, USDOLLAR in Neutral For Now

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader

FOREXAnalysis: Bigger picture, the USDOLLAR remains constructive as per daily RSI holding the 40 level (similar to NZDUSD holding 60) and more importantly price holding the trendline that extends off of lows to late 2012. Near term isn’t conclusive with price bouncing between 10650 and 10760 for most of the month.

FOREX Trading Strategy: Flat

LEVELS: 10644 10683 10707 10760 10803 10857

--- 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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