US Dollar Technical Analysis– Prices broke above resistance at 10487, the 14.6% Fibonacci expansion, exposing the 23.6% level at 10547. A further push above this aims for the 38.2% Fib at 10643. The 10487 level has been recast as support, with a turn back below that eyeing a formerly broken falling channel top at 10445.
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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