Forex: US Dollar Technical Analysis – Three-Month Low Tested
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- Key support tested in the 10449-69 area (June low, 100% Fib, trend line from September 2012)
- Break lower initially targets 10363 (123.6% Fib expansion)
- Resistance now in the 10524-35 region (76.4% Fib, broken channel bottom set from July top)
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
Contact and follow Ilya on Twitter: @IlyaSpivak
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