US Dollar Technical Analysis 02.05.2013
US Dollar Technical Analysis– Prices put in a Shooting Star candlestick below the top of a rising channel set from mid-September (10205), hinting a move lower is ahead. Near-term support is at 10181, the 61.8% Fibonacci retracement, with a break below that exposing the 50% level at 10153. Alternatively, a move above resistance initially eyes the 76.4% expansion at 10216.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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