US Dollar Technical Analysis 05.06.2013
US Dollar Technical Analysis– Prices recovered after putting in a Hammer candlestick above support in the 10424-28 area marked by the 23.6% Fibonacci retracement and the March 22 close. Near-term resistance is at 10488, the 14.6% level, with a break above that targeting the March 11 high at 10576. Alternatively, a drop below 10424 exposes the 38.2% Fib at 10428.
Daily Chart - Created Using FXCM Marketscope 2.0
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