The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is 0.11 percent lower from the open after moving 110 percent of its average true range, and it looks as though the greenback has carved a short-term top coming in June as it threatens the upward trending channel carried over from the previous month. Although currency traders are look for a short-term correction in the greenback, the recent selloff in the USD may turn out to be a false break, and we will keep a close eye on the 30-minute relative strength index as it bounces back from oversold territory. As the oscillator continues to find support around 27, we ... (full story)