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USDOLLAR Near Term Trade is a Hot Mess

USDOLLAR Near Term Trade is a Hot Mess

2016-04-07 18:24:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Near Term Trade is a Hot Mess

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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) although Wednesday’s failure at 1153 (former low) is viewed in a bearish light.

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

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