Monday, September 20, 2010

Trading The USD Ahead Of The FED Meeting

The USD starts the week with a fall towards crucial supports. With the FED meeting ahead, traders do not believe that the US currency will get a lot of help from that meeting. The important support to watch this week is the 79.56 level. Once we break that level, a new clear new sell signal will emerge, which could spark another round of buying in the commodity space.



DXY P&F: Will give a sell signal @ 79.56

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