Fathom Dollar USD Price & Performance (FXDUSD)

Forex traders are eyeing the Federal Reserve's upcoming interest rate decision as a potential market mover. The EUR/USD pair is trending upwards, nearing 1.1000, while GBP/USD faces resistance at 1.3000. Meanwhile, USD/JPY has hit resistance at 150.00, and AUD/USD remains neutral after breaking a consolidation pattern.1

The U.S. Dollar Index remains under bearish pressure, with the long-term target set at 100.00. Resistance levels, including the daily SMA 200, could challenge any potential bullish corrections. Traders are closely monitoring this trend as the index struggles to rebound.1

Major forex pairs are exhibiting varied movements ahead of the Federal Reserve's interest rate announcement. While EUR/USD and AUD/USD show potential for bullish continuation, GBP/USD and USD/JPY face key resistance levels. The market awaits clarity following the Fed's decision.1