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US Dollar Technical Analysis 03.21.2013

US Dollar Technical Analysis 03.21.2013

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis Prices are edging higher after putting in a bullish Three Inside Up candlestick pattern above support at 10454, the 14.6% Fibonacci retracement. Rising channel support-turned-resistance is at 10565, 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.

Forex_US_Dollar_Technical_Analysis_03.21.2013_body_Picture_5.png, US Dollar Technical Analysis 03.21.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

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