USDOLLAR August Low Now Acting as Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR traded to a 2 month high today (highest since 9/16). The Aug low at 10646 is serving as resistance now.
-The advance is impulsive and a higher low is in place at 10535. Look higher as long as price is above that level. Look towards 10708 and 10757.
Trading Strategy: Long against 10535.
LEVELS: 10544 10577 10609 | 10690 10708 10801
--- 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.