US Dollar Classic Technical Report 10.12.2012
Prices turned lower after putting in a Harami candlestick pattern at resistance in the 9928-38 area, a barrier reinforced by the top of a falling channel set from the June swing high. Initial rising trend line support is at 9883, with a break below that targeting 9832. Alternatively, a daily close above the channel top exposes 9985.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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