US Dollar Technical Analysis 03.05.2013
US Dollar Technical Analysis– Prices put in a Shooting Star candlestick below resistance marked by the intersection of a rising channel top (now at 10522) and the 76.4% Fibonacci expansion (10504), hinting at a pullback ahead. Channel support is now at 10415, with a move below that initially exposing the 61.8% Fib at 10359. Alternatively, a break higher broadly exposes the 100% level at 10741.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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