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US Dollar Technical Analysis 03.08.2013

US Dollar Technical Analysis 03.08.2013

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis– Prices are testing above resistance at 10504, the 76.4% Fibonacci expansion. A break higher targets a rising channel top at 10559. Channel support is at 10453, with a reversal below that aiming for the 61.8% Fib at 10359.

US_Dollar_Technical_Analysis_03.08.2013_body_Picture_5.png, US Dollar Technical Analysis 03.08.2013

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

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