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US Dollar Attempts Rebound Before FOMC Rate Decision

From dailyfx.com

The US Dollar has found interim support and attempted a recovery as markets position for the much-anticipated Federal Reserve monetary policy announcement. Capitalize on Shifts in Market Mood with the DailyFX Speculative Sentiment Index. US DOLLAR TECHNICAL ANALYSIS– Prices moved lower as expected after putting in a Bearish Engulfing candlestick pattern. Prices found interim support above a rising trend line set from late February and pulled up to retest resistance in the 10565-576 area, marked by the 23.6% Fibonacci retracement and the March 11 high. A break above that aims for the 38.2% level at 10625. Trend line ... (full story)

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  • Category: Breaking News