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US Dollar Technical Analysis 05.10.2013

US Dollar Technical Analysis 05.10.2013

2013-05-10 09:01:00
Ilya Spivak, Head Strategist, APAC
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US Dollar Technical Analysis Prices broke above resistance at the top of a rising channel set from early March, exposing the 123.6% Fibonacci expansion at 10640. A further push above that targets the 138.2% mark at 10668. The channel top – now at 10590 – has been recast as near-term support.

Forex_US_Dollar_Technical_Analysis_05.10.2013_body_Picture_5.png, US Dollar Technical Analysis 05.10.2013

Daily Chart - Created Using FXCM Marketscope 2.0

--- 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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