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USDOLLAR 200 Day Average is Providing Resistance

USDOLLAR 200 Day Average is Providing Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR 200 Day Average is Providing Resistance

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, which is being tested from below right now.

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.

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