US Dollar Technical Analysis 02.26.2013

DailyFX

US Dollar Technical Analysis Prices pulled back from resistance at the top of a rising channel set from early February to test 14.6% Fibonacci retracement support at 10367. This barrier is reinforced by the channel bottom. Negative RSI divergence warns of weakness ahead, with a break downward initially exposing the 23.6% level at 10320. Channel top resistance is now at 10459.

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Forex_US_Dollar_Technical_Analysis_02.26.2013_body_Picture_5.png, US Dollar Technical Analysis 02.26.2013

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

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