USDollar Nearly Unchanged for 2nd Consecutive Day
Prepared by Jamie Saettele, CMT
The USDOLLAR is clearly waiting on FOMC. All you need to know right now about the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) is that 9893 defines the trend (above is bullish and below is bearish). This thing is coiled and primed to explode. A drop below 9893 would at least delay the near term bullish bias.
Bottom Line (next 5 days) – higher
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
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