US Dollar Technical Analysis – Prices are bouncing from support at 10420, the 23.6% Fibonacci retracement, pushing above falling trend line resistance (10454) to challenge the 14.6% Fib expansion at 10509. A break above that exposes the 23.6% expansion at 10569. Alternatively, a reversal below support targets the 38.2% retracement 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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