US Dollar Technical Analysis 04.05.2013
US Dollar Technical Analysis– Prices bounced from support at 10420, the 23.6% Fibonacci retracement, taking out falling trend line resistance to expose the 14.6% Fib expansion at 10509. A further break above that exposes the 23.6% expansion at 10569. The trend line – now at 10448 – has been recast as near-term support, with a move below that eyeing 10420 anew.
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