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Forex Analysis: US Dollar Classic Technical Report 01.10.2013

Forex Analysis: US Dollar Classic Technical Report 01.10.2013

2013-01-10 10:28:00
Ilya Spivak, Head Strategist, APAC
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Prices mounted a recovery after finding support at 10059, the 23.6% Fibonacci retracement. Initial channel top resistance is at 10131, with a break above that targeting the January 4 high at 10158. Alternatively, a drop below 10059 exposes the 38.2% level at 9998.

Forex_Analysis_US_Dollar_Classic_Technical_Report_01.10.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.10.2013

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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