US Dollar Technical Analysis– Prices are testing falling trend line resistance at 10473, with a break higher exposing the 23.6% Fibonacci expansion at 10518. Near-term support is at 10420, the 23.6% retracement level. A drop beneath that aims for the 38.2% mark at 10324.
Daily Chart – Created Using FXCM Marketscope 2.0
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— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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