US Dollar Pressured Toward March Lows

April 7, 2014

US DOLLAR TECHNICAL ANALYSIS – Prices are edging lower within the confines of a falling channel.Near-term support is in the 10495-500 area, marked by the 38.2% Fibonacci expansion and the March 19 low. A break below this boundary aims for the channel bottom at 10488, followed by the 50% level at 10470. Alternatively, a push above the channel top at 10573 aims for the 38.2% Fib retracement at 10595.

US-Dollar-Pressured-Toward-March-Lows-Gold-Bounces-as-Expected_body_Picture_5.png, US Dollar Pressured Toward March Lows, Gold Bounces as Expected

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