US Dollar Technical Analysis 04.30.2013

DailyFX

US Dollar Technical Analysis Prices pulled back from resistance in the 10547-76 area, marked by the 23.6% Fibonacci expansion and the March 11 high, to test support at a rising trend line set from late March (now at 10450). A break below that initially eyes the April 2 low at 10391. Alternatively, a reversal above 10576 exposes the 38.2% level at 10643.

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Forex_US_Dollar_Technical_Analysis_04.30.2013_body_Picture_5.png, US Dollar Technical Analysis 04.30.2013

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

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