US Dollar Classic Technical Report 08.20.2012

RELATED QUOTES

SymbolPriceChange
^USDOLLAR11,935.23+23.87

Prices are testing resistance at 10073, the confluence of a falling trend line set from the July 12 high and the midline of a falling channel carved out over the past three months. A break higher exposes the 10139-69 area. Support is at 10041, with a break below targeting long-term rising trend line support at 10010.

US_Dollar_Classic_Technical_Report_08.20.2012_body_Picture_5.png, US Dollar Classic Technical Report 08.20.2012

Dow Jones FXCM US Dollar Index - 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, send a note with subject line "Distribution List" to ispivak@dailyfx.com

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.7472-0.0046-0.61%
    AUDUSD=X
    0.4807-0.0021-0.44%
    AUDGBP=X
    0.6798+0.0034+0.50%
    AUDEUR=X