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USDOLLAR Respecting 20 Day Average as Resistance

USDOLLAR Respecting 20 Day Average as Resistance

2016-04-14 18:22:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Respecting 20 Day Average as Resistance

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to USDOLLAR comments. “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 11953 (former low) is viewed in a bearish light.”

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