We have following support levels:
- 10647 : very strong support level. This is mark the downtrend of USdollar is repudiated. The uptrend is confirmed.
- 10683 : 50% Fib retracement level. This is an important level.
- 10705 : weak support level.
We also have following resistance levels:
- 61.8% Fib retracement level. This is not a strong resistance level. Price will quickly break this level.
- 10808 : very strong resistance level. This is the high from Sep 2,2013
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In the long term , we believe USdollar will test 10808 level. Unwind stimulus, FED taper , and good US economic data will drive USdollar higher
- 10647 : very strong support level. This is mark the downtrend of USdollar is repudiated. The uptrend is confirmed.
- 10683 : 50% Fib retracement level. This is an important level.
- 10705 : weak support level.
We also have following resistance levels:
- 61.8% Fib retracement level. This is not a strong resistance level. Price will quickly break this level.
- 10808 : very strong resistance level. This is the high from Sep 2,2013
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In the long term , we believe USdollar will test 10808 level. Unwind stimulus, FED taper , and good US economic data will drive USdollar higher