US Dollar Classic Technical Report 09.05.2012
Prices are testing the now-familiar resistance cluster marked by the top of a falling channel established from the July 12 high (10018), the underside of a rising trend set from late July 2011 (10041), and the midline of a larger channel carved out since late May (10046). Initial channel support is at 9937, with a break below that exposing 9860. Alternatively, a push above 10046 targets the channel top at 10139.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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