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Forex Analysis: US Dollar Classic Technical Report 12.24.2012

Ilya Spivak

Prices are testing above resistance at 9995, the 23.6% Fibonacci expansion, after completing a bullish Flag pattern. A confirmed break higher exposes the 32.8% Fib at 10044. Trend line resistance-turned-support is at 9961.

Forex_Analysis_US_Dollar_Classic_Technical_Report_12.24.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.24.2012
Forex_Analysis_US_Dollar_Classic_Technical_Report_12.24.2012_body_Picture_1.png, Forex Analysis: US Dollar Classic Technical Report 12.24.2012

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

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