USDOLLAR Responds to Trendline and Retracement Confluence
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-The USDOLLAR has now retraced half of the advance from the Sep 2012 low.
-Price has responded to the downward sloping line that stemmed the decline after the no-taper announcement on 9/18. A push above 10437 is needed to suggest that the market is even trying to turn.
Trading Strategy: Flat
LEVELS: 10300 10323 10370 | 10437 10469 10494
--- 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.