US Dollar shown Rebound Signals. FOREX News:

fxcapitalvia

Trader
Jan 13, 2014
15
0
12
US DOLLAR TECHNICAL ANALYSIS – Prices put in a bullish Piercing Line candlestick pattern above support in the 10656-61 area, marked by the bottom of a rising channel set from November and the 23.6% Fibonacci retracement. A break above initial resistance at 10718 – a horizontal pivot – targets the January high at 10756 and the channel top at 10779. Alternatively, reversing below support exposes the 38.2% Fib at 10602.

Important Points:
  • US Dollar Setup Hints at Upcoming Recovery
  • S&P 500 Testing Pivotal Chart Support Cluster
  • Gold Prices Signal a Reversal Lower is Ahead