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USDOLLAR Testing 200 Day Average from Below

USDOLLAR Testing 200 Day Average from Below

2016-06-28 20:13:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USDOLLAR Testing 200 Day Average from Below

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Despite the surge post Brexit, price action since March 2015 may compose a major top. Resistance extends up to the year open at 12131 although the rally could derail before then given the presence of the 200 day average (negative slope and being tested from below right now).

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

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