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US Dollar Technical Analysis 02.06.2013

US Dollar Technical Analysis 02.06.2013

2013-02-06 15:35:00
Ilya Spivak, Head Strategist, APAC
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US Dollar Technical Analysis Prices are testing resistance at 10273, the 100% Fibonacci expansion. A break above that exposes the 123.6% level at 10330. Near-term support is in the 10207-16 area, marked by the 76.4% Fib and rising channel resistance-turned-support. A drop back below that eyes the 61.8% expansion at 10181.

Forex_US_Dollar_Technical_Analysis_02.06.2013_body_Picture_1.png, US Dollar Technical Analysis 02.06.2013

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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