US Dollar Classic Technical Report 07.05.2012
Prices are testing resistance at 10112, the 38.2% Fibonacci expansion, with a break higher exposing the 50% level at 10132. Near-term support lines up at 10087, the 23.6% Fib, with push through that targeting the 10037-49 area.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to firstname.lastname@example.org
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.