Forex: US Dollar Technical Analysis – Rally Set to Resume?
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- Prices are testing the 10509-37 area (falling channel top resistance-turned-support)
- A break lower initially targets 10492, November 6 low
- Above resistance at 10653 (23.6% Fib exp.) exposes 10839 (38.2% Fib exp.)
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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