US Dollar Stalls At Key Support - Rebound Ahead?

The US Dollar has seen considerable selling pressure recently, losing 6.5% to date since peaking at the beginning of the month. A rebound may be on the way however as the US Dollar Index (average of the greenback’s value against six top currencies) consolidates at support marked by a rising trend line established from record lows in July 2008. The trend has favored the bulls since prices overcame multi-year resistance in August, bolstering the case for a rebound from current levels in the days ahead.