In this video, we discuss what we need to see from the USD going into the FOMC meeting tomorrow.
We are expected to see a hike of 0.25% which typically does see investment into the currency. However, we feel the FOMC may disappoint with the statement on future rate hikes.
If this happens we need to see the USD break below the trendline support and zone support of 96.30.
If we do see a break and close below we will be looking for short opportunities on the USD.
We are expected to see a hike of 0.25% which typically does see investment into the currency. However, we feel the FOMC may disappoint with the statement on future rate hikes.
If this happens we need to see the USD break below the trendline support and zone support of 96.30.
If we do see a break and close below we will be looking for short opportunities on the USD.