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Forex: US Dollar Technical Analysis – Hitting 8-Month Lows

Forex: US Dollar Technical Analysis – Hitting 8-Month Lows

2013-10-23 12:27:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices broke support at 10391 (April bottom), exposing June 2012 high (10323)
  • 10391 level is now recast as near-term resistance
  • Break higher aims for 10469, the June 2013 swing bottom

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

dailyclassics_us_dollar_index_body_Picture_4.png, Forex: US Dollar Technical Analysis – Hitting 8-Month Lows

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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