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Forex: US Dollar Technical Analysis – June Low Under Fire

Forex: US Dollar Technical Analysis – June Low Under Fire

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • Prices are testing support in the 10450-69 area (38.2% Fib, June 13 low)
  • A break below that targets the 50% Fib at 10410
  • Near-term resistance is at 10500 (23.6% Fib); above that eyes 10530 (14.6% Fib)

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

dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis – June Low Under Fire

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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