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Forex: US Dollar Technical Analysis – Pullback Meets Support

Forex: US Dollar Technical Analysis – Pullback Meets Support

Ilya Spivak, Head Strategist, APAC

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Talking Points

  • 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 10483
  • Pushing above 10604 exposes 10626 (rising trend line from April)

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 – Pullback Meets Support

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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