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Forex Analysis: US Dollar Classic Technical Report 01.03.2013

Forex Analysis: US Dollar Classic Technical Report 01.03.2013

2013-01-03 11:39:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are testing above resistance at 10044, the 32.8%Fibonacci expansion. This barrier is reinforced by rising trend line support-turned-resistance at 10064. A break above the latter level aims for the 50% level at 10082. Initial support is at 9995, the 23.6% expansion, with a reversal below that exposing a rising trend line at 9933.

Forex_Analysis_US_Dollar_Classic_Technical_Report_01.03.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.03.2013

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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