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US Dollar Technical Analysis 02.19.2013

Ilya Spivak

US Dollar Technical Analysis Prices broke above resistance in the 10323-26 area, marked by the 123.6% Fibonacci expansion and the 2012 yearly high, exposing the 138.2% level at 10375. A further push above that aims for the 150% level at 10413. Negative RSI divergence warns of ebbing bullish momentum however, hinting a reversal lower may be ahead. A turn back below 10323 and a minor rising trend line at 10302 targets the 100% Fib 10248.

Forex_US_Dollar_Technical_Analysis_02.19.2013_body_Picture_5.png, US Dollar Technical Analysis 02.19.2013

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

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