Forex Analysis: US Dollar Classic Technical Report 12.20.2012

DailyFX

Prices staged a mild recovery from neckline support established from late October (now at 9927) to retest trend line support-turned-resistance at 9956. A break above that aims for the 23.6% Fibonacci expansion at 9995. Alternatively, a drop below neckline support eyes the channel bottom at 9866.

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Forex_Analysis_US_Dollar_Classic_Technical_Report_12.20.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.20.2012

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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