U.S. Markets open in 5 hrs 36 mins

US Dollar Technical Analysis 03.21.2013

Ilya Spivak

US Dollar Technical Analysis Prices are edging higher after putting in a bullish Three Inside Up candlestick pattern above support at 10454, the 14.6% Fibonacci retracement. Rising channel support-turned-resistance is at 10565, with a push back above that targeting the March 11 high at 10576. Alternatively, a reversal below support exposes the 23.6% Fib at 10379.

Forex_US_Dollar_Technical_Analysis_03.21.2013_body_Picture_5.png, US Dollar Technical Analysis 03.21.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.