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USDOLLAR Rally Fails at February High / March Low

USDOLLAR Rally Fails at February High / March Low

Jamie Saettele, CMT, Sr. Technical Strategist


USDOLLAR Rally Fails at February High / March Low

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-“The drop below the support line indicates that trend has changed (to at least sideways and maybe down).”

-A double top target remains at 10623 and today’s reversal at the breakdown level from that pattern is viewed in a bearish light.

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.