Dollar has been strengthening since the start of Asia. Price is currently at the top of the range for this week. Keep an eye on US Data and FOMC speakers today. Looking for a break of the range for a confirmation of direction on the Dollar.

Tier 2 & 3 US Data
1. GDP Q2 14:30 SAST
2. GDP Price Index Q2 14:30 SAST
3. Goods Trade Balance 14:30 SAST
4. Initial Jobless Claims 14:30 SAST
5. Pending Home Sales 16:00 SAST

FOMC Speakers
1. FOMC Member Lockhart Speaks (Neutral, non-voter) 14:50
2. FOMC Member Powell Speaks (Neutral, voter) 16:00
3. FOMC Member Kashkari Speaks (Unknown, non-voter) 16:00
4. FOMC Chair Yellen Speaks (Dove, voter) 22:00

USDollar Daily

Keep an eye on the 21 and 55. Price could still move down to the bottom of the range highlighted at MS1 - MM1.

USDollar H4

Price still range bound, attempting to break above the range though finding strong resistance at the 200 EMA and strong support highlighted in the green zone. A break of this range will indicate a clearer direction so keep an eye on upcoming data and FOMC speakers for an indication of the likelihood of a hike in December.

USDollar H1

Keep an eye on the Daily Pivot Point for possible support (61.8 of move from bottom of range to current swing high). Dollar trying to strengthen though it seems that some fundamental confirmation is going to be required before we see a break of resistance or a fall below support. Have a trade plan ready for Dollar strength and Dollar weakness.

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