Forex: US Dollar Technical Analysis – Upside Breakout Attempted
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US Dollar Technical Analysis
- Break above range top resistance at 10760 exposes 10796 (23.6% Fib expansion, falling channel top)
- A further push higher beyond resistance exposes the next key hurdle at 10886 (38.2% Fib)
- The 10760 level has been recast as near-term support, followed by range bottom at 10646
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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