US Dollar Technical Analysis: Breakout Meets Resistance
US Dollar Technical Analysis– Prices broke above resistance the top of a Flag chart pattern, hinting at bullish continuation ahead. Initial resistance is at 10820, the 23.6% Fibonacci expansion, with a break above that targeting the 38.2% level at 10899. Flag top resistance-turned-support is now at 10736, followed by the July 29 swing low at 10693.
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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