DOLLAR ‘S INVESTORS AWAIT FED MEETING ON 21-22 SEP, ESPECIALLY FOMC POLICY TOWARDS BOND TAPERING
SOME OF FED MEMBERS STILL SUPPORT A GRADUAL WIND DOWN OF MONTHLY ASSET PURACHASES IN OCTOBER, AS LONG AS THE ECONOMIC OUTLOOK DOES NOT FUNDAMENTALLY CHANGE
FROM TECHNICAL PERSPECTIVE, I THINK DOLLAR EVENTUALLY HAS FOUND THE SOLID LOW TO REBOUND AND CHANGE ITS DIRECTION TO UPTREND IN MEDIUM,AND LONG TRERM.WE HAVE ALREADY A DOUBLE BOTTOM WHICH MAYBE DEVELOP INTO A HUGE HEAD AND SHOULDERS BOTTOM, BUT DOLLAR IS STILL UNABLE TO HOLD ABOVE 93.48
AND NOW KEEP UR EYE ON 92 LEVEL, IF DOLLAR BREAKS BELOW THAT LEVEL , SMALLER HEAD AND SHOULDERS TOP IS IN PLACE, SUGGESTING DOWNSIDE TARGET AT 90LONGING DOLLAR CAN BE AS SIMPLE AS BUYING ABOVE 93.48 OR ABOVE 94.75
