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US Dollar Technical Analysis 03.06.2013

US Dollar Technical Analysis 03.06.2013

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis Prices put in a bearish Evening Star candlestick pattern below resistance marked by the intersection of a rising channel top and the 76.4% Fibonacci expansion (10504). A break below channel support (now at 10426) exposes the 61.8% Fib at 10359. Alternatively, a break back above 10504 aims for the channel top at 10535.

Forex_US_Dollar_Technical_Analysis_03.06.2013_body_Picture_5.png, US Dollar Technical Analysis 03.06.2013

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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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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