US Dollar Technical Analysis: Rally Stalls at Chart Resistance

Ilya Spivak

US Dollar Technical Analysis Prices slipped back below the 23.6% Fibonacci expansion at 10820, exposing the 14.6% level at 10772. A further push below that eyes the July 29 low at 10693. Alternatively, a move back above 10820 targets the 38.2% expansion at 10899.

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dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Rally Stalls at Chart Resistance
dailyclassics_us_dollar_index_body_Picture_3.png, US Dollar Technical Analysis: Rally Stalls at Chart Resistance

Daily Chart - Created Using FXCM Marketscope 2.0

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

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