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US Dollar Technical Analysis 02.25.2013

Ilya Spivak

US Dollar Technical Analysis Prices gapped higher through resistance at 10413, the 150% Fibonacci expansion. Buyers now aim to challenge the 161.8% mark at 10452, with a break above that exposing the 176.4% Fib at 10501. The 10413 level has been recast as near-term support. A reversal back below that sees the next downside barrier at 10375, the 138.2% expansion.

Forex_US_Dollar_Technical_Analysis_02.25.2013_body_Picture_5.png, US Dollar Technical Analysis 02.25.2013

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

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