The Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.31 percent lower from the open after moving 107 percent of its average true range, and the reserve currency may trade heavy over the next 24-hours of trading as the economic docket showed manufacturing in the world’s largest economy tapering off in March. As the fundamental development warns of a slowing recovery, we may see the greenback struggle to hold above former trendline resistance, but the technical outlook foreshadows a short-term rebound as the 30-minute relative strength index comes up against oversold territory. In turn, we should see ... (full story)