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US Dollar Classic Technical Report 08.20.2012

Ilya Spivak

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
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

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