FXstreet

US Dollar rally may see a short-term pullback on the FOMC announcement. Base case scenario (50 bps hike) could lead to a pause in the USD’s rally.



Daily price is on strong primary bullish trend: the price is testing 103.94 resistance level to above for the bullish trend to be continuing. Alternatively, the price will be on secondary ranging within 101.34/103.94 support/resistance level waiting for the direction of the strong bullish trend to be resumed or to the secondary correction to be started.

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