US Dollar Classic Technical Report 08.31.2012
Prices are stalling below a confluence of resistance marked by the top of a falling channel established from the July 12 high (10037), the underside of a rising trend set from late July 2011 (10033), and the midline of a larger channel carved out since late May (10051). A break above the latter level exposes the channel top at 10146. Initial channel support is at 9943, with a break below that exposing 9876.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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