US Dollar Technical Analysis 03.20.2013
US Dollar Technical Analysis– Prices put in a bullish Three Inside Up candlestick pattern above support at 10454, the 14.6% Fibonacci retracement, hinting a bounce may be ahead. Rising channel support-turned-resistance is at 10553, with a push back above that targeting the March 11 high at 10576. Alternatively, a reversal below support exposes the 23.6% Fib at 10379.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.