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USDOLLAR 10500 is Trend Defining Level

USDOLLAR 10500 is Trend Defining Level

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR 10500 is Trend Defining Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-Bottom line, respect downside potential as long as price is below 10500. 10393 is possible support for a low IF a new low is registered. Above 10500 (daily close) would suggest that a tradable low is in place.

LEVELS: 10355 10393 10420 | 10460 10495 10518

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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