News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
US Dollar Classic Technical Report 07.16.2012

US Dollar Classic Technical Report 07.16.2012

Ilya Spivak, Head Strategist, APAC

Prices recoiled from resistance in the 10209-19 area marked by the 38.2% Fibonacci expansion and 61.8% retracement levels, correcting to retest a falling trend line set from late May swing top. Support is reinforced by the 38.2% retracement at 10139, with a break below that exposing the 10032-67 region. Overall positioning suggests the latest selloff represents a correction in the context of a broadly bullish bias however. Near-term resistance is at 10174.

US_Dollar_Classic_Technical_Report_07.16.2012_body_Picture_5.png, US Dollar Classic Technical Report 07.16.2012

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

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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

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