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  • 🇪🇸 Markit Manufacturing PMI (JUL) Actual: 59 Expected: 59.5 Previous: 60.4 https://www.dailyfx.com/economic-calendar#2021-08-02
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US Dollar Classic Technical Report 08.21.2012

US Dollar Classic Technical Report 08.21.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance marked by the confluence of a falling trend line set from the July 12 high and the midline of a falling channel carved out over the past three months, now at 10072. A break higher exposes the 10139-69 area. Support is at 10041, with a break below targeting long-term rising trend line support at 10012.

US_Dollar_Classic_Technical_Report_08.21.2012_body_Picture_5.png, US Dollar Classic Technical Report 08.21.2012

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

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