Forex: US Dollar Technical Analysis – Five-Week High Tagged

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Talking Points

  • A break above resistance at 10529 (38.2% Fib ret.) exposes 10583 (50% Fib)
  • Back below 10529 eyes falling trend line resistance-turned-support at 10489
  • Pushing above 10583 exposes 10637 (61.8% Fib retracement)

Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader **

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dailyclassics_us_dollar_index_body_Picture_12.png, Forex: US Dollar Technical Analysis – Five-Week High Tagged

Daily Chart - Created Using FXCM Marketscope 2.0

** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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