US Dollar Classic Technical Report 10.03.2012
Prices are testing through resistance at 9893, the 50% Fibonacci retracement level, to challenge the top of a rising channel set from the September 14 swing low (9905). A break above this boundary exposes the 61.8% Fib at 9929. Initial support lines up at 9857, the 38.2% retracement.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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