USDOLLAR Finally Breaks Through 10760, Capped by Channel
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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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.” The break through recent highs is promising but price faces a channel confluence now. Support for Friday is 10774.
FOREX Trading Strategy: Flat
LEVELS: 10709 10736 10774 10803 10857 10897
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail email@example.com. 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.