USDOLLAR No Man’s Land; Trading Levels are 12040 and 11730s
Chart Prepared by Jamie Saettele, CMT
-The USDOLLAR index is currently in no-man’s land. The next big support is probably 11730s (February, April, and June lows) and important resistance probably isn’t until near 12040 (December low, 200 and 55 day averages, possible channel resistance). The market is roughly equidistant from cited support and resistance thus rendering operations at the current juncture unfavorable.
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