Forex: US Dollar Technical Analysis – Looking for Direction Cues
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- Consolidation continues below trend line support-turned-resistance (10588)
- Near-term support at 10469 (June 13 low); below that targets 10413 (March 25 low)
- Reversal above resistance aims for the August 16 low 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
Contact and follow Ilya on Twitter: @IlyaSpivak
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