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Forex Analysis: US Dollar Classic Technical Report 11.14.2012

Forex Analysis: US Dollar Classic Technical Report 11.14.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance at 9982, the 50% Fibonacci retracement, with a break higher targeting a rising channel top at 10015 and the 61.8% level at 10038. Near-term trend line support is at 9954, with a drop below that exposing the 38.2% Fib at 9925.

Forex_Analysis_US_Dollar_Classic_Technical_Report_11.14.2012_body_Picture_5.png, Forex Analysis: US Dollar Classic Technical Report 11.14.2012

Daily 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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