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USDOLLAR Back Above Major Trendline

USDOLLAR Back Above Major Trendline

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR Back Above Major Trendline

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The USDOLLAR has broken…and reclaimed...long term trendline support. The advance through 10420 is a great start to suggesting that the trendline was break was of the false variety. A weekly key reversal is in the works too (need to close above 10409).

LEVELS: 102501032310354 | 103951042010452

--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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