US Dollar Classic Technical Report 08.16.2012
Prices edged though resistance at 10041, a former support level reinforced by a falling trend line set from the July 12 swing high. The bulls now aim to challenge the August 2 top at 10096, with a move beyond that targeting the 10139-69 congestion region. The 10041 level has been recast as support, with a dip back below that seeing long-term trend line support squarely at the 10000 figure.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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