News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USDOLLAR New May High; Testing Major Level

USDOLLAR New May High; Testing Major Level

Jamie Saettele, CMT, Sr. Technical Strategist


USDOLLAR New May High; Testing Major Level

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDOLLAR is testing the March low and early May high (this is also the 13 week average). The push above trendline resistance is a positive development that sets the path higher against 10435. If the index follows through on this positive development, then 10560/70 is probably an area of contention. This zone is defined by the 50% retracement of the 2014 range and 200 DMA.

LEVELS: 104081043510467 | 104951051810546

--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.