US Dollar Technical Analysis 05.09.2013
US Dollar Technical Analysis– Prices are retesting recently broken resistance-turned-support at 10488, the 14.6% Fibonacci retracement. A break below that targets the 10424-28 area, marked by the 23.6% level and the March 22 close. Near-term resistance is at 10576, the March 11 high, with a reversal above that targeting the 38.2% Fib expansion at 10655.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.