US Dollar Classic Technical Report 07.23.2012
Prices bounced from support in the 10032-67 area to retest the underside of the previously completed bearish Flag chart formation at 10096. A daily close above this boundary neutralizes near-term downside pressure and exposes resistance levels at 10134 and 10209. Alternatively, a break below support targets a major multi-month rising trend line at 9961.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. 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 email@example.com