US Dollar Technical Analysis– Prices broke above resistance at 10588, the 23.6% Fibonacci expansion, exposing the 38.2% level at 10710. A further push higher beyond that aims for the 50% mark at 10809. The 10588 mark has been recast as near-term support.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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