Tanalys

US Dollar Technical Analysis: Upward Push Resumes

US Dollar Technical Analysis Prices are pushing higher eyeing resistance at 10781, the 76.4% Fibonacci retracement. A break higher exposes the May 29 swing high at 10877. Initial support is at 10721, the 61.8% level, with a drop beneath that eyeing the 50% Fib at 10673.

Daily Chart – Created Using FXCM Marketscope 2.0

Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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