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US Dollar Classic Technical Report 07.13.2012

US Dollar Classic Technical Report 07.13.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance in the 10209-19 area marked by the 38.2% Fibonacci expansion and 61.8% retracement levels. A break higher exposes the 50% expansion at 10279. Near-term support lines up at 10174, the 50% retracement, followed by the 10139-45 region at the confluence of the 23.6% expansion and 38% retracement barriers.

US_Dollar_Classic_Technical_Report_07.13.2012_body_Picture_5.png, US Dollar Classic Technical Report 07.13.2012

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.