Forex: US Dollar Technical Analysis – Rebound Gains Momentum
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- 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)
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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