USDOLLAR at Support before FOMC
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-The USDOLLAR traded to 10584 on Monday. The April high at 10586 served as support along with the line that extends off of the April and June lows.
-Failure to hold the current level opens up the 200 day average (currently at 10512).
-Exceeding Friday’s high (10700) would suggest that a low is in place.
Trading Strategy: Flat
LEVELS: 10469 10512 10586 | 10696 10754 10791
--- 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.