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USDOLLAR Former Resistance Serves as Support

USDOLLAR Former Resistance Serves as Support

2014-05-29 20:58:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Former Resistance Serves as Support

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 if 10495 fails to hold.

LEVELS: 104451048310496 | 105321056410573

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

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