USDOLLAR – Beware the Fake
Chart Prepared by Jamie Saettele, CMT
-There is no change to the analysis of the USDOLLAR index, which is ‘stuck’ in a tight range. “Despite the surge post Brexit, price action since March 2015 may compose a major top. Resistance extends up to the year open at 12131 and April 2015 high at 12162.” Today’s rally has sent the index into 12000 and a long term parallel. The current juncture is important. For more on the USDOLLAR, watch this video.
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