Forex: US Dollar Technical Analysis – Range Top Still in Focus
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US Dollar Technical Analysis– Prices continue to consolidate below familiar range resistance at 10760, marked by the August 13 high. Range support is at 10646, with a break below that targeting the bottom of a falling channel set from early July (now at 10564). A reversal above 10760 aims for the channel top at 10787.
Daily Chart - Created Using FXCM Marketscope 2.0
** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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