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USDOLLAR View is Positive above 10435

USDOLLAR View is Positive above 10435

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR View is Positive above 10435

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The push above trendline resistance is a positive development that sets the path higher against 10435. 10560/70 is probably an area of contention. This zone is defined by the 50% retracement of the 2014 range and 200 DMA.

-10445/55 is seen as support.

LEVELS: 104451048310496 | 105221056410573

--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.

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