USDOLLAR Tests Former Channel Support as Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR made a key reversal at the line that extends off of the 2012 and October 2013 lows on Monday. Price needs to exceed 10619 (preferably on a daily closing basis) in order to suggest that the market has turned the corner. In any case, Monday is a good start.
-Thursday’s advance failed at the underside of former channel support. 10554 is possible support.
LEVELS: 10438 10493 10525 | 10579 10619 10649
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