USDOLLAR 10466 is Important to Near Term Trend Now
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-Thursday’s reversal, from below the 200 DMA mind you, shifts immediate focus lower (a new high still faces trendline resistance and the 200 DMA). The cleanest levels of possible support are 10435 (former low and 61.8% retracement) and 10406. The latter level is the 5/8 close and intersects with the top side of the trendline that extends off of the Jan and April highs AND the trendline that extends off of the 2011 and 2012 lows late this week.
LEVELS: 104351045510479 | 105241054110573
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