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USDOLLAR Former Triangle Resistance Provides Support

USDOLLAR Former Triangle Resistance Provides Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR Former Triangle Resistance Provides Support

Chart Prepared by Jamie Saettele, CMT

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

-The USDOLLAR is a mess right now. The November breakout proved false. Weakness in early December was in line with seasonal tendencies but former triangle resistance provided support. In short, conflicting signals abound (uptrend weakening but still an uptrend) but focus is higher while above the December low.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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