US Dollar Technical Analysis 04.03.2013

DailyFX

US Dollar Technical Analysis Prices bounced from support at 10420, the 23.6% Fibonacci retracement, to test falling trend line resistance at 10461. A break above that aims for the 14.6% expansion at 10509. Alternatively, a reversal below support targets the 38.2% retracement at 10324.

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Forex_US_Dollar_Technical_Analysis_04.03.2013_body_Picture_5.png, US Dollar Technical Analysis 04.03.2013

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

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