USD (DXY) is cracking the SMA 50 today after making a lower high and a short-term double top. As noted previously, the next objective is the 108 area. This could just be normal shenanigans pre-FOMC. But if a real contrarian play develops at or around FOMC the objective would be 105 and the 38% Fib and rising SMA 200.
No matter what happens here in the short-term, keep in your back pocket the knowledge that the major trend (SMA 200) is up.
