US Dollar Technical Analysis 05.30.2013
US Dollar Technical Analysis– A recovery from channel support proved short-lived as expected, with prices now testing below the formation bottom (10791) to challenge the 23.6% Fibonacci retracement at 10764. A break below that exposes the 38.2% level at 10694. Channel resistance is now at 10882.
Daily Chart - Created Using FXCM Marketscope 2.0
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