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US Dollar Technical Analysis 05.14.2013

US Dollar Technical Analysis 05.14.2013

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis Prices broke above resistance at 10588, the 23.6% Fibonacci expansion, exposing the 38.2% level at 10710. A further push higher beyond that aims for the 50% mark at 10809. The 10588 mark has been recast as near-term support.

Forex_US_Dollar_Technical_Analysis_05.14.2013_body_Picture_5.png, US Dollar Technical Analysis 05.14.2013

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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