After the Board of Governors of the Fed released an announcement regarding their speculations to bring around the possible increase in rate for the month of September. The US dollar and Japanese yen confirmed a buy signal on Tuesday. On the other hand, the dollar recovered from the losses it endured on Monday. The buyers also drove the price within the level of 102.50. The financial instrument restored its position on top of the 50, 100 and 200 EMAs as indicated in the 4-hour chart while remained in a neutral status.
Resistance is placed at 102.50, support settled at the level of 101.40. MACD arrived at the negative zone and experienced a steep decline that signaled seller's strength. RSI bounced against the oversold condition.