Interesting week ahead, USD stronger as expected.

USD is stronger across the board at the beginning of what is likely to be an interesting week. FOMC meeting, G20 meeting, German IFO and other events and news releases promise exciting and volatile week. As noted last week, USD index likely formed a bottom at around 76.20 and bounced nicely to 77 level. Trendline resistance comes above 78 so there is plenty of space for additional follow through. Supporting the USD strength is oil below 70 and gold breaking 1000 once again. US equities are currently down about 0.4%.

Looking at charts, 10, 20 and 30h emas are nicely stacked in correct order pointing to additional USD strength. Buying USD on pullbacks seems viable for the next couple of days. For today the move is likely to be exhausted so wait for a test of 10h ema, stop above/below 20 ema (or alternatively use trendlines to initiate trades).