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US Dollar Technical Analysis: Bulls Challenge May Top

US Dollar Technical Analysis: Bulls Challenge May Top

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis Prices are eyeing resistance at 10876, the late-May swing top, with a break higher targeting the 123.6% Fibonacci extension at 10973. Near-term support is at 10781, the 76.4% level. A break beneath that aims for the 61.8% Fib at 10721.

dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Bulls Challenge May Top

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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