US Dollar Technical Analysis– Prices are pulling back from resistance in the 10547-76 area, marked by the 23.6% Fibonacci expansion and the March 11 high.Near-term support is marked by a rising trend line set from late March, now at 10446. Alternatively, a reversal above 10576 exposes the 38.2% level at 10643.
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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