US Dollar Technical Analysis– Prices broke above resistance at 10487, the 14.6% Fibonacci expansion, exposing the 23.6% level at 10547. A further push above this aims for the 38.2% Fib at 10643. The 10487 level has been recast as support, with a turn back below that eyeing a formerly broken falling channel top at 10445.
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 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