Forex: US Dollar Technical Analysis – Setting Two-Week High
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- A break above resistance at 10509 (23.6% Fib ret.) exposes 10604 (38.2% Fib)
- Back below 10509 eyes falling trend line resistance-turned-support at 10490
- Support break eyes 10424 (March-May 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
Contact and follow Ilya on Twitter: @IlyaSpivak
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