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US Dollar Classic Technical Report 09.24.2012

US Dollar Classic Technical Report 09.24.2012

2012-09-24 09:08:00
Ilya Spivak, Head Strategist, APAC
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Prices re-testing the previously broken bottom of a rising channel set from the September 14 low (now at 9831). A break higher initially exposes the 38.2%Fibonacci retracement at 9857. Near-term support lines up at 9783, the 23.6% Fibonacci expansion, with a break below that targeting the 38.2% expansion at 9738.

US_Dollar_Classic_Technical_Report_09.24.2012_body_Picture_5.png, US Dollar Classic Technical Report 09.24.2012

4hr 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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