Forex: US Dollar Technical Analysis – April Bottom Under Fire
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- 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)
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
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