We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Mixed
More View more
USDOLLAR ‘Better’ Resistance is Still 12040/60s

USDOLLAR ‘Better’ Resistance is Still 12040/60s

2016-06-02 22:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

USDOLLAR ‘Better’ Resistance is Still 12040/60s

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The USDOLLAR index has retraced half of the January-May decline. Near term pressure is higher while the index is above the 5/26 low of 11921. An area that could cause problems for bulls is roughly 12040/64. This area is defined by the 200 day average and 61.8% retracement of the January-May decline.

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.