After a tumultuous day in the currency markets, the US Dollar is close to a shortable “D” target.  Many of the non-US currencies look oversold and ready to bounce, and if they go back to test their lows and find support, the June US Dollar futures might reach a “D” target of 82.93 which would be a promising short.  Stops should be two or three cents above 83.00.  A cautious approach would be to wait for the futures to surpass 82.75 before entering orders.  That is the Tuesday high and the high for the rally that began around Thanksgiving of last year.  Traders should not have orders working at 2:15pm EDT when the Fed makes its policy announcement. (Posted by Doug McLagan) _______ UPDATE (01:15 p.m. EDT):  The futures rallied to within six cents of the target and then pulled back, though not dramatically.  We think the risk of attempting to trade this pivot is now very high, especially with the imminent Fed announcement.  So we will cancel the trade and watch what develops.