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Forex Analysis: US Dollar Classic Technical Report 01.25.2013

Forex Analysis: US Dollar Classic Technical Report 01.25.2013

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance at 10170, marked by the intersection of a rising channel top set from mid-September and the 76.4% Fibonacci expansion. A break higher exposes the 100% level at 10248. Near-term trend line support is at 10086. A reversal below that aims for the 38.2% Fib retracement at 10066.

Forex_Analysis_US_Dollar_Classic_Technical_Report_01.25.2013_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 01.25.2013

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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