US Dollar Technical Analysis– Prices are testing below support at 10420, the 23.6% Fibonacci retracement. A break below that exposes the 38.2% level at 10324. Near-term falling trend line resistance is at 10468, with a reversal back above that eying the 23.6% Fib expansion at 10518.
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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