US Dollar Technical Analysis– Prices advanced as expected after completing a bullish Flag chart pattern. A break above initial resistance at 10820, the 23.6% Fibonacci expansion, has exposed the 38.2% level at 10899. A further push above that targets the 50% Fib at 10963. The 10820 mark has been recast as near-term support.
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Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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