Forex: US Dollar Technical Analysis – June Low Held for Now

Ilya Spivak

Fri, Oct 4, 2013, 8:36 AM

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Talking Points

Prices are testing support in the 10450-69 area (38.2% Fib, June 13 low)
A break below that targets the 50% Fib at 10410
Near-term resistance is at 10500 (23.6% Fib); above that eyes 10530 (14.6% Fib)

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket onMirror Trader **

dailyclassics_us_dollar_index_body_Picture_11.png, Forex: US Dollar Technical Analysis – June Low Held for Now

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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