US Dollar Technical Analysis 02.04.2013
US Dollar Technical Analysis- Prices recovered from support in the 10141-53 area, marked by a former resistance level and the 50%Fibonacci expansion, to challenge the top of a rising channel set from mid-September (10201). A break above this boundary targets the 76.4% Fib at 10216. Near-term support is at the 61.8% level (10181), with a reversal below that eyeing the 10141-53 region anew.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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