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Bullish US Dollar Trend at Risk on Fed Outlook- $10B Taper Expected

From dailyfx.com

- USDOLLAR Threatens Bullish Trend Ahead of FOMC Meeting - AUD to Continue Series of Lower Highs & Lower Lows Retain Game Plan to ‘Selling Bounces’ Ahead of FOMC Meeting Bearish RSI Divergence Favors ‘Selling Bounces’ Interim Resistance: 10,753 (23.6 expansion) to 10,759 (61.8 retracement) Interim Support: 10,561 (100.0 extension)- Closing Basis The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) may face a larger decline over the near-term as it threatens the bullish trend carried over from the previous year. Indeed, the Federal Open Market Committee (FOMC) interest rate decision may dictate price action for ... (full story)

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