Forex: US Dollar Technical Analysis – Setting Two-Week High

Ilya Spivak
November 1, 2013

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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 10490
  • Support break eyes 10424 (March-May bottom), 10354 (Oct 23 low)

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 – Setting Two-Week High
dailyclassics_us_dollar_index_body_Picture_12.png, Forex: US Dollar Technical Analysis – Setting Two-Week High

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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