US Dollar Technical Analysis 02.26.2013
US Dollar Technical Analysis– Prices pulled back from resistance at the top of a rising channel set from early February to test 14.6% Fibonacci retracement support at 10367. This barrier is reinforced by the channel bottom. Negative RSI divergence warns of weakness ahead, with a break downward initially exposing the 23.6% level at 10320. Channel top resistance is now at 10459.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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