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US Dollar Classic Technical Report 07.10.2012

US Dollar Classic Technical Report 07.10.2012

Ilya Spivak, Head Strategist, APAC

Prices pulled back to retest broken falling trend line resistance set from late May having found an interim top at 10174, the 50% Fibonacci retracement. Support is reinforced by the 38.2% level at 10139. A break below the latter boundary exposes 10067. Alternatively, a push above resistance initially targets the 61.8% Fib at 10209.

US_Dollar_Classic_Technical_Report_07.10.2012_body_Picture_5.png, US Dollar Classic Technical Report 07.10.2012

Dow Jones FXCM US Dollar Index - Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.