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Talking Points
- Prices are testing below support in the 10707-27 area(Dec 19 high, 23.6% Fib exp.)
- A break lower on a daily closing basis exposes 10646 (channel bottom)
- Near-term resistance is in the in the 10761-66 area (38.2% Fib exp., channel top)
Can’t access to the Dow Jones FXCM US Dollar Index? Try the USD basket on Mirror Trader. **
![dailyclassics_us_dollar_index_body_Picture_3.png, Forex: US Dollar Technical Analysis – Rejected at Channel Top](http://media.dailyfx.com/illustrations/2014/01/22/dailyclassics_us_dollar_index_body_Picture_3.png)
Daily Chart - Created Using FXCM Marketscope 2.0
** The Dow Jones FXCM US Dollar Index and the Mirror Trader USD basket are not the same product.
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
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