US Dollar Technical Analysis– Prices gapped higher through resistance at 10413, the 150% Fibonacci expansion. Buyers now aim to challenge the 161.8% mark at 10452, with a break above that exposing the 176.4% Fib at 10501. The 10413 level has been recast as near-term support. A reversal back below that sees the next downside barrier at 10375, the 138.2% expansion.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information