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Forex: US Dollar Technical Analysis – Bounce Hinted at April Low

Forex: US Dollar Technical Analysis – Bounce Hinted at April Low

2013-10-22 12:17:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Bullish Engulfing above 10391 (April low) hints a rebound may be ahead
  • Near-term resistance is at 10469 (June bottom), followed by 10537 (trend line)
  • Below support eyes 10323 (June 2012 spike high)

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 – Bounce Hinted at April 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

Contact and follow Ilya on Twitter: @IlyaSpivak

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