Forex: US Dollar Technical Analysis – Three-Month Low Tested

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Talking Points

  • Key support tested in the 10449-69 area (June low, 100% Fib, trend line from September 2012)
  • Break lower initially targets 10363 (123.6% Fib expansion)
  • Resistance now in the 10524-35 region (76.4% Fib, broken channel bottom set from July top)

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

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dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis – Three-Month Low Tested

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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