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US Dollar Technical Analysis 04.09.2013

US Dollar Technical Analysis 04.09.2013

2013-04-09 11:09:00
Ilya Spivak, Head Strategist, APAC
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US Dollar Technical Analysis Prices broke above resistance at 10487, the 14.6% Fibonacci expansion, exposing the 23.6% level at 10547. A further push above this aims for the 38.2% Fib at 10643. The 10487 level has been recast as support, with a turn back below that eyeing a formerly broken falling channel top at 10445.

Forex_US_Dollar_Technical_Analysis_04.09.2013_body_Picture_5.png, US Dollar Technical Analysis 04.09.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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--- 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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