Chart Prepared by Jamie Saettele, CMT
FOREXAnalysis: The USDOLLAR is nearing the top of it’s the range that has been underway since November. Even a move above the November high of 10071 still contends with the 61.8% retracement of the decline from 10323 at 10100 and series of highs from October 2011 to March 2012 from 10100 to 10133.
FOREX Trading Strategy: Flat
LEVELS: 9929 9977 10000 10044 10071 10096
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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Jamie is the author of Sentiment in the Forex Market.