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USDOLLAR – Marks Time below Well-Defined 12000 Level

USDOLLAR – Marks Time below Well-Defined 12000 Level

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

USDOLLAR – Marks Time below Well-Defined 12000 Level

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent comments on the USDOLLAR have noted that “despite the surge post Brexit, price action since March 2015 may compose a major top. Resistance extends up to the year open at 12139 and April 2015 high at 12162.” The index has rolled over from a key level from a trendline perspective. Price action since the first quarter could compose a massive top.

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

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