US Dollar Technical Analysis– Prices are testing below support at 10454, the 14.6% Fibonacci retracement. A break lower exposes the 23.6% level at 10379, a barrier reinforced by a rising trend line set from mid-December. Near-term resistance is at 10514, with a reversal above that aiming for 10576.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information