US Dollar Classic Technical Report 09.21.2012
Prices are testing through near-term channel support set from the September 14 low, hinting downside pressure may be preparing to re-emerge. A break lower sees initial support at 9783, the 23.6% Fibonacci expansion. Near-term resistance is at 9857, the 38.2% Fib retracement level, with a break above that exposing the channel top (now at 9867).
4hr Chart – Created Using FXCM Marketscope 2.0