The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.12 percent lower from the open after moving 70 percent of its average true range, and we may see the reserve currency track lower over the remainder of the week as it trades back within the downward trending channel from the beginning of the month. However, we will be closely watching the 30-minute relative strength index over the next 24-hours of trading as there appears to be a bullish divergence in the oscillator, and the technical development certainly foreshadows a short-term rebound for the index, which should preserve support around 9,900. In turn, ... (full story)