Wednesday, October 3, 2012

US Dollar Grinds Higher


US Dollar continues to grind higher through near-term resistance levels

Prices are testing through resistance at 9893, the 50% Fibonacci retracement level, to challenge the top of a rising channel set from the September 14 swing low (9905). A break above this boundary exposes the 61.8% Fib at 9929. Initial support lines up at 9857, the 38.2% retracement.



Via Dailyfx

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