US Dollar Technical Analysis – Testing September Bottom
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- 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
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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