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Forex: US Dollar Technical Analysis – Rebound Gains Momentum

Forex: US Dollar Technical Analysis – Rebound Gains Momentum

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • A break above 10462 (23.6% Fib) has exposed a Wedge bottom at 10505
  • Push through resistance initially targets 10529 (38.2% Fib retracement)
  • Back below 10462 eyes 10424 (April bottom), 10354 (Oct 23 low)

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

dailyclassics_us_dollar_index_body_Picture_12.png, Forex: US Dollar Technical Analysis – Rebound Gains Momentum

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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