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US Dollar Technical Analysis 04.12.2013

US Dollar Technical Analysis 04.12.2013

2013-04-12 07:36:00
Ilya Spivak, Head Strategist, APAC
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US Dollar Technical Analysis Prices recoiled from resistance below the 23.6% Fibonacci expansion at 10547. Falling channel resistance-turned-support is at 10428, with a push beneath that eyeing the April 2 low at 10391. Alternatively, a reversal back above 10546 targets the 38.2% level at 10641.

Forex_US_Dollar_Technical_Analysis_04.12.2013_body_Picture_5.png, US Dollar Technical Analysis 04.12.2013

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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