USDOLLAR 6 Days Up; First Time Since 5/29 and 6/1
Chart Prepared by Jamie Saettele, CMT
-Remember, the sideways trade of the last 6 months should be viewed in a bullish context. The reversal on 10/15 was confirmed on the next day’s rally and it’s been straight up for the USDOLLAR index since then. Watch for support near recent resistance (10/14 high at 11970) in order to maintain a near term constructive view.
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