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
More View more
US Dollar Classic Technical Report 08.17.2012

US Dollar Classic Technical Report 08.17.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing the 10041-75 resistance cluster marked by the range bottom dating from mid-June, the midline of a falling channel set from late May, and a falling trend line established from the July 12 swing high. A break above this boundary would mark the first step toward neutralizing the near-term downside pressure, initially exposing the 100139-69 congestion region. Long-term rising trend line support is now at 10007, with a break below that aiming for the channel bottom at 9975.

US_Dollar_Classic_Technical_Report_08.17.2012_body_Picture_5.png, US Dollar Classic Technical Report 08.17.2012

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.