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US Dollar Technical Analysis – Testing September Bottom

US Dollar Technical Analysis – Testing September Bottom

2013-10-02 12:19:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing support at 10500 (23.6% Fib)
  • A break lower exposes the 10450-69 area (38.2% Fib, June 13 low)
  • Near-term resistance is at 10530 (14.6% Fib), followed by a trend line at 10593

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **

dailyclassics_us_dollar_index_body_Picture_4.png, US Dollar Technical Analysis – Testing September Bottom

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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