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Forex Analysis: US Dollar Classic Technical Report 01.04.2013

Forex Analysis: US Dollar Classic Technical Report 01.04.2013

2013-01-04 09:52:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices took out resistance at 10082, the 50% Fibonacci expansion. The bulls now target the 61.8% level at 10122, with a break above that that eyeing the 76.4% Fib at 10170. The 10082 level has been recast as near-term support. A reversal back below that exposes the 32.8%expansion at 10044.

Forex_Analysis_US_Dollar_Classic_Technical_Report_01.04.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.04.2013

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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