USDOLLAR Remains Above Trend Defining Level of 10535
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR broke lower from consolidation on Tuesday but completely retraced the move on Wednesday. Such action is typical of false breaks.
-A higher low is in place at 10535. Look higher towards 10708 and 10757 as long as price is above 10535.
Trading Strategy: Long against 10535.
LEVELS: 10493 10535 10566 | 10638 10669 10708
--- 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.