Forex: US Dollar Technical Analysis – Signs of Life Emerge

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Talking Points

  • Prices bounced as expected from falling channel resistance-turned-support set from July
  • A break above resistance at 10653 (23.6% Fib exp.) exposes 10839 (38.2% Fib exp.)
  • Turning below the channel top (10505-32) aims for 10492 (November 6 low)

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_12.png, Forex: US Dollar Technical Analysis – Signs of Life Emerge

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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