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US Dollar Technical Analysis 04.23.2013

US Dollar Technical Analysis 04.23.2013

2013-04-23 10:44:00
Ilya Spivak, Head Strategist, APAC
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US Dollar Technical Analysis Prices edged above resistance at 10547, the 23.6% Fibonacci expansion to challenge the March 11 high at 10576. A break above that aims for the 38.2% level at 10643. The 10547 mark has been recast as near-term support, with a move back beneath that eyeing trend line support is at 10443.

Forex_US_Dollar_Technical_Analysis_04.23.2013_body_Picture_5.png, US Dollar Technical Analysis 04.23.2013

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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