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Talking Points
- Prices fell below 10718 (Dec 19 high), exposing 10648-61 (channel bottom, 23.6% Fib)
- A further push beneath that targets 10602 (38.2% Fib retracement)
- Back above 10718 exposes 10756-70 (Jan 21 high, 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 – Channel Support in Focus](http://media.dailyfx.com/illustrations/2014/01/23/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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