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US Dollar Technical Analysis 04.10.2013

Ilya Spivak

US Dollar Technical Analysis Prices recoiled from resistance below the 23.6% Fibonacci expansion at 10547, slipping back below the 14.6% level at 10487 and exposing a formerly broken rising channel top at 10440. A drop beneath that eyes the April 2 low at 10391. Alternatively, a reversal back above 10487 targets 10547 anew.

Forex_US_Dollar_Technical_Analysis_04.10.2013_body_Picture_5.png, US Dollar Technical Analysis 04.10.2013

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

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