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US Dollar Classic Technical Report 10.04.2012

US Dollar Classic Technical Report 10.04.2012

Ilya Spivak, Head Strategist, APAC

Prices broke through the top of a rising channel set from the September 14 swing low to challenge the 61.8% Fibonacci retracement at 9929. A further break above this boundary targets falling trend line resistance at 9965. The channel top (now at 9909) has been recast as support, with a push back below that eyeing the 50% retracement at 9893.

US_Dollar_Classic_Technical_Report_10.04.2012_body_Picture_5.png, US Dollar Classic Technical Report 10.04.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.