Advertisement
Australia markets closed
  • ALL ORDS

    7,862.30
    -147.10 (-1.84%)
     
  • AUD/USD

    0.6419
    -0.0026 (-0.40%)
     
  • ASX 200

    7,612.50
    -140.00 (-1.81%)
     
  • OIL

    85.05
    -0.36 (-0.42%)
     
  • GOLD

    2,388.30
    +5.30 (+0.22%)
     
  • Bitcoin AUD

    98,567.57
    -5,341.77 (-5.14%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

Forex Analysis: US Dollar Classic Technical Report 12.27.2012

Prices are testing above resistance at 10044, the 32.8%Fibonacci expansion, after completing a bullish Flag chart pattern. A break higher exposes the 50% level at 10082. Near-term support is at 9995, the 23.6% Fib, with a drop below that aiming for trend line resistance-turned-support at 9967.

Forex_Analysis_US_Dollar_Classic_Technical_Report_12.27.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.27.2012
Forex_Analysis_US_Dollar_Classic_Technical_Report_12.27.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.27.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.