US Dollar Classic Technical Report 09.24.2012
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.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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