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US Dollar Classic Technical Report 08.03.2012

US Dollar Classic Technical Report 08.03.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance at 10077, with a confirmed break higher exposing the next barrier 10139 marked by a horizontal barrier and the top of a falling channel set from the July 12 high. Near-term support is at 10041, reinforced by a rising trend line set from late October 2011, now at 10011.

US_Dollar_Classic_Technical_Report_08.03.2012_body_Picture_5.png, US Dollar Classic Technical Report 08.03.2012

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

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

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