USDOLLAR Breaks Trendline Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-USDOLLAR has dropped into (and held) 10385. This was estimated support from October 2013 although a more important zone is defined by the June 2012 high and October 2013 low at 10323/55. The top of the zone is also home to the line that extends off of the 2011 and 2012 lows and downward sloping channel support.
-Exceeding 10495 would suggest that an important low is in place.
LEVELS: 104101042910445 | 104761049510518
--Trading specifics (setups with entries, stops, targets) are available to J.S. Trade Desk members.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.