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US Dollar Technical Analysis: New Yearly High Set

US Dollar Technical Analysis: New Yearly High Set

Ilya Spivak, Head Strategist, APAC

US Dollar Technical Analysis A break above resistance at 10876, the late-May swing top, has exposed the 123.6% Fibonacci extension at 10973 as the next upside objective. The 10876 mark has been recast as near-term support, with a reversal back beneath that eyeing the 76.4% levelat 10781.

dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: New Yearly High Set

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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