Emerging Market Turmoil Extends to AUD/USD, USD/JPY
- US Dollar, USDOLLAR components face critical few days.
- FOMC meeting on Wednesday.
- AUDUSD remains bearish, but watching potential reversal develop.
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The USDOLLAR is heading back towards a pivotal level that helped define our bullish or bearish bias towards the measured currencies at the end of 2013. Notably, the AUDUSD and USDJPY components have been quite active on Monday, taking the spotlight ahead of the FOMC meeting on Wednesday.
--- Written by Christopher Vecchio, Currency Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.