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USD Continues its Consolidate Trend Today

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USD Continues its Consolidate Trend Today

Postby fxcapitalvia » Wed Jan 08, 2014 11:58 am

US DOLLAR TECHNICAL ANALYSIS – Prices rose as expected after putting in a bullish Piercing Line candlestick pattern. A break above resistance at 10719, the 23.6% Fibonacci expansion, targets the December 19 high at 10727 and a rising channel top at 10746. Near-term support is in the 10636-46 area, marked by the a horizontal pivot and the channel bottom.
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