US Dollar Classic Technical Report 07.09.2012

DailyFX

Prices took out falling trend line resistance set from late May, exposing the 38.2% Fibonacci expansion at 10219 as the next upside objective. The trend line has been recast as near-term support, and now stands at 10141.

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US_Dollar_Classic_Technical_Report_07.09.2012_body_Picture_5.png, US Dollar Classic Technical Report 07.09.2012

Dow Jones FXCM US Dollar Index - Daily Chart - Created Using FXCM Marketscope 2.0

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

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