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US Dollar Technical Analysis 02.08.2013

US Dollar Technical Analysis 02.08.2013

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis– Prices broke above resistance at 10273, the 100% Fibonacci expansion, exposing10323-30 area marked by the 2012 high and the 123.6% level. The 10273 mark has been recast as near-term support, with a turn back below that targeting the 76.4% Fib at 10216.

Forex_US_Dollar_Technical_Analysis_02.08.2013_body_Picture_1.png, US Dollar Technical Analysis 02.08.2013

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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