US Dollar Technical Analysis 04.25.2013

US Dollar Technical Analysis Prices are pulling back from resistance in the 10547-76 area, marked by the 23.6% Fibonacci expansion and the March 11 high.Near-term support is marked by a rising trend line set from late March, now at 10446. Alternatively, a reversal above 10576 exposes the 38.2% level at 10643.

Forex_US_Dollar_Technical_Analysis_04.25.2013_body_Picture_5.png, US Dollar Technical Analysis 04.25.2013
Forex_US_Dollar_Technical_Analysis_04.25.2013_body_Picture_5.png, US Dollar Technical Analysis 04.25.2013

Daily Chart - Created Using FXCM Marketscope 2.0

Want to back-test your technical trading strategy? Download the historical data here.

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

Advertisement