USD Continues its Consolidate Trend Today

US DOLLAR TECHNICAL ANALYSIS – Prices rose as expected after putting in a bullish Piercing Line candlestick pattern. A break above resistance at 10719, the 23.6% Fibonacci expansion, targets the December 19 high at 10727 and a rising channel top at 10746. Near-term support is in the 10636-46 area, marked by the a horizontal pivot and the channel bottom.