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Forex: US Dollar Technical Analysis – April Bottom Under Fire

Forex: US Dollar Technical Analysis – April Bottom Under Fire

2013-10-21 12:10:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are testing support at 1.0391 (April swing bottom)
  • Break downward targets 10371 (50% Fib expansion)
  • Above resistance at 10413 (38.2%) Fib) eyes 10465-69 (23.6% Fib, June low)

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

dailyclassics_us_dollar_index_body_Picture_5.png, Forex: US Dollar Technical Analysis – April Bottom 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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