US Dollar Rebound Not There Yet: AUD/USD, GBP/USD, USD/JPY Setups

London (Mar 26)  The US Dollar has gained little traction in the wake of the FOMC's taper decision last week, and as a result it has experienced choppy trade versus the components of the Dow Jones FXCM Dollar Index (Ticker: USDOLLAR).


While the EURUSD and GBPUSD remain at or below their post-FOMC lows, and the USDJPY remains near its post-FOMC highs, the AUDUSD has broken free of risk trends and continues to rise despite perceived headwinds. Short-term consolidations in these four pairs offer identifiable and actionable trading points over the next few days to reference.

Source: dailyFOREX