US Dollar Classic Technical Report 10.16.2012
US DOLLAR INDEX: Prices are testing critical resistance in the 9928-38 area, marked by the late August swing bottom and the top of a falling channel set from the early June high. A break higher threatens to produce a significant upward trend reversal, initially exposing 9985. Rising trend line support is at 9890, with a break below that targeting 9823.
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
