US Dollar Technical Strategy: Holding Long via Mirror Trader Basket **
Support: 10542 (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 continues to edge upward after showing a Hammer candlestick above support at a rising trend line set from September 2012. Prices are working on securing fifth day in positive territory, the best performance since late October. A daily close above the 23.6% Fibonacci retracement at 10576 exposes the 38.2% level at 10610. Trend line support is now at 10542, followed by the February 17 low at 10520.