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Forex Analysis: US Dollar Classic Technical Report 01.09.2013

Forex Analysis: US Dollar Classic Technical Report 01.09.2013

2013-01-09 07:46:00
Ilya Spivak, Head Strategist, APAC
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Prices found support at 10059, the 23.6% Fibonacci retracement. A bounce from here sees initial channel top resistance at 10133, with a break above that targeting the January 4 high at 10158. Alternatively, a drop through support exposes the 38.2% level at 9998.

Forex_Analysis_US_Dollar_Classic_Technical_Report_01.09.2013_body_Picture_5.png, Forex Analysis: US Dollar Classic Technical Report 01.09.2013

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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