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US Dollar Technical Analysis 02.18.2013

US Dollar Technical Analysis 02.18.2013

2013-02-18 12:52:00
Ilya Spivak, Head Strategist, APAC
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US Dollar Technical Analysis– Prices are testing above resistance in the 10323-26 area, marked by the 123.6% Fibonacci expansion and the 2012 yearly high. A break higher exposes the 138.2% level at 10375. Near-term rising trend line support is at 10289, with a break below that targeting the 100% Fib 10248.

Forex_US_Dollar_Technical_Analysis_02.15.2013_body_Picture_5.png, US Dollar Technical Analysis 02.18.2013

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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