US Dollar Rally Extends To 7-Month High
Dailyfx | Sep 02, 2014 02:10AM ET
Talking Points:
- US Dollar Technical Strategy: Holding Long
- Support: 10616, 10579, 10541-9
- Resistance:10660, 10687, 10730
The Dow Jones FXCM US Dollar Index continues to extend upward, with prices advancing to the highest level in seven months. A daily close above the 14.6% Fibonacci retracement at 10660 exposes the 23.6% level at 10687. Alternatively, a reversal below the August 28 low at 10616 opens the door for a challenge of resistance-turned-support at 10579, the August 14 high.
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