US Dollar Technical Strategy: Holding Long via Mirror Trader Basket **
Support: 10540 (trend line from Sep'12), 10520 (Feb 17 low)
Resistance: 10576 (23.6% Fib ret.), 10610 (38.2% Fib ret.)
The Dow Jones FXCM US Dollar Index began to rebound after showing a Hammer candlestick above support at a rising trend line set from September 2012, with prices on pace to produce the strongest upside run in a month. Breaking above the 23.6% Fibonacci retracement at 10576 on a daily closing basis exposes the 38.2% level at 10610. Trend line support is now at 10540, followed by the February 17 low at 10520.