Tanalys

US Dollar Technical Analysis 04.04.2013

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

Want to back-test your technical trading strategy? Download the historical data here.

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

Exit mobile version