All eye on fed meeting at late half of the day, Markets are
cautious ahead of the Federal Reserve's monetary policy announcement.
The Fed
is widely expected to leave interest rates unchanged, but traders are likely to
keep a close eye on the accompanying statement for clues about the outlook for
the next meeting in June.
More delay in interest rate hike will put downward pressure
on dollar against its major counter parts.
Dollar index still trading in the tight range of its support
94.00 and resistance 95.20.
If crosses below 94.00 it will certainly touch
93.60 level or else it will test its resistance level of 95.20.
More will update soon!!
